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Strategies & Market Trends : Ride the Tiger with CD
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To: Proud Deplorable who wrote (119331)6/19/2008 2:13:08 PM
From: E. Charters  Read Replies (2) of 312958
 
The essence of speculation is to bet on what you don't absolutely know until it is proven, not to wait until what you suspect is proven to your disadvantage.

Now just imagine this. You have a cretaceous swamp. In a basin of very large dimension. What you are betting is that this swamp forest is one mile long and one half mile wide. 100 million tons. Fair enough. Now have you ever been to Northern Ontario or Manitoba? I know of two wet swamps in Northern Ontario that are in excess of 36 square miles. In Manitoba there are vast areas of marsh that exceed 400 square miles before you hit any dry land of any consequence. If you look at where Lake Agassiz existed, it covered most of Manitoba, and Northern Saskatchewan. That was one vast depression in the middle of this territory. Imagine if that was tree and swamp covered in the Cretaceous. Well it was. I cannot testify that all of it was swamp but I will bet you that a good deal of it was.



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