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Gold/Mining/Energy : THE OIL SANDS
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To: Fishfinder who wrote (229)4/14/2010 7:21:53 AM
From: james flannigan1 Recommendation  Read Replies (1) of 257
 
scot I think $200 is very possible. If you told any one in 2000 that oil would reach a hight of $150 before the end of the decade, you would have been locked in a rubber room.Price controls will not work (that was tried in the 70s).If the world body tries it on oil then oil will flow to the highest bidder on the black market and cause more of the have nots to have not at all. I suggest we will see $200 in less than two yrs.The IEA has forecast 86.6 million brlspd demand.We have seen peak oil production with every tap on full blast in 08 at 85 million bpd. The result was $147 oil and a stock market and world market melt down.Not many think oil was the root of the melt down but I do.Fool me once shame on you.Fool me twice shame on me.GET READY for its coming again.The stock market Guru Barton Biggs sent a letter in Jan 2010 to his clients and told them " buy a remote farm,seeds and a gun,and learn how to shoot the gun". Thats pretty scary for a guy who made his living off the stock market.The world has entered a period of declining oil supply at the same time mankind has become addicted to it.The Saudi King was asked in the early 40s what he thought of all the oil that was discovered in his kingdom he replied "my father rode a Camel,I drive a car,my son will fly a jet,my grandson will ride a Camel,my Great grandson will walk.

James
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