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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (102096)	6/5/2008 12:38:15 PM
From: Umunhum	Read Replies (2) of 206223

Are you kidding me? business24-7.ae Saudi Arabia's Shura council (parliament) will hold a series of meetings over the next two weeks to discuss a controversial proposal by a key member to curb oil production to save reserves for better prices, Saudi media reported. The council will listen to a report by deputy chairman of the Shura water and public utilities committee, Salim bin Rashid Al Marri, who will argue for cutting crude supplies to maintain the Kingdom's underground reserves. I wonder what's really happening at the Ghawar? And then we have this story too: theoildrum.com This EIA website has net oil imports into the US by country of origin, through March, 2008. tonto.eia.doe.gov The data show that combined net oil exports from Venezuela & Mexico to the US have dropped by 414,000 bpd from 10/07 to 3/08, an astounding annual decline rate of -32%/year. This decline was at least partially offset by increases in imports from the Persian Gulf. However, as the decline in net oil exports from Venezuela & Mexico (and elsewhere) has increased, it’s quite likely that the Persian Gulf has not been able to sufficiently offset the decline. The debate is over people. Peak oil is here. I could not be more bullish. I wish the 2011 leaps were trading. They should come out at the end of this month. Buy all the producers that you can get your hands on people. We are going a lot higher. The Q2 earnings are going to be absolutely phenomenal. I am going on maximum margin every time the momentum shifts up. This chart puts our latest "sell off" into perspective: futuresource.quote.com Buy your favorite stocks for $150 oil because here we come (I take umbrage with the idea that $150 oil is a black swan. I think it is a virtual certainty. The only question is - is it going to happen this year or next?): mcdep.com The next million dollar question is what are all the producers going to do with all the dollars that they are going to be getting? (Both companies and countries)

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