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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.38

+2.7%

Nov 10 4:00 PM EST

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To: carranza2 who wrote (54404)	9/3/2009 1:05:56 PM
From: elmatador	Read Replies (1) of 217661

Please consider the options: Canada oil sands. Russia. Iran, Iraq and Nigeria. Any country positioning itself to offer energy alternative sources conventional or otherwise will do well. >> I am not sure about these mega fields being a solution to our energy problems and not just because I don't know what global demand and supply will be many years from now when they go into production.<< This is easy to answer. Consumption down in OECD. Consumption up in emerging markets. Time to go and guarantee your supply as China is doing. >>I suspect that they will be a temporary palliative. But I cannot really say because I really don't know.<< We do. Brazil develop ethanol and mega field palliative and will be ready to sell both. >>One thing is sure: they are devilishly expensive to develop, so the price of crude must cooperate in order for these new mega fields to be economic.<< The cheap oil is gone. Or is still in the hands of the likes of Iran, Iraq, Nigeria and Russia. Mega fields in the hands of stable countries will be at a premium price.

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