Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: selivanov who wrote (71890)	12/29/2009 6:48:21 PM
From: Maurice Winn	1 Recommendation of 74559

Without delving into the details of Iraq's oil, the reserves are huge so there's no reason for them to not quadruple their oil production if they wish to do so and can achieve it politically [avoid Islamic Jihad or Iranians or somebody destroying the pipelines as fast as they are built]. A 30mph ground speed limit seems a bad idea to me, but he made some points that are superficially appealing. A much better idea is congestion tolls to ensure traffic is always flowing at top speed and automated vehicle movement [no large primates in charge of vehicles with their drunk behaviour, lack of concentration, reaction times measure in seconds rather than microseconds, and general lack of ability and intelligence. At $80 a barrel, a lot of places have a lot of incentive to increase production, and the ability to do so. It's the same with gold at $1100 an ounce - people will dig gold with more enthusiasm [though no more economic utility] than Easter Islanders dug Moais to ring the island. Mqurice

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