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

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To: Ed Ajootian who wrote (181348)	11/14/2013 10:12:09 AM
From: JimisJim	Read Replies (1) of 206159

The other side of that is un-produced/non-exported oil is a de facto form of strategic reserves (in addition to the regular strategic reserves in storage)... I wouldn't mind not exporting oil and let other nations drain their fields faster and have to go find new ones... in a crunch -- either actual emergency or simply spiking prices/economic emergency, we could step on the production accelerator... we'd have a bit more control over marginal pricing and wouldn't have to find and develop more unconventional sources, plus in the short run, the increased oil production would be fetching top dollar... however, I understand and agree with your pts. as well, insofar as it never hurts to keep the ability to max out production in hand.

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