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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Rob Shilling who wrote (6578)	2/9/2002 5:27:57 PM
From: kormac	Read Replies (2) \| Respond to of 206184

Rob, I have also been reading everything Simmons writes and have come to conclude that the peak outside OPEC is just a year or two away. Regarding Russian oil revenues. Do you have any idea how much of this goes to the central government as royalties. Is this now so low that Russian oil companies can amply fund exploration and new production from their cash flow. This is quite a constrast to PEMEX or ARAMCO, is it not? best, Seppo P.S. I am holding TLM and EEE as the only two Canadian stocks.

To: Rob Shilling who wrote (6578)	2/9/2002 7:21:58 PM
From: excardog	Read Replies (1) \| Respond to of 206184

Hi Rob any thoughts on OPEC member Venezuela whom appears at least to me to be on the verge of some sort of collapse or at least a change in ruling parties. I noticed Fitch downgraded them Thursday:http://biz.yahoo.com/bw/020207/70397_1.html I assume most of their revenue is generated from exported oil? Point I'm driving at is Venezuela may be forced to increase production. Read somewhere that they may have a pile of oil ready to be exported. Tricky stuff trying to support a price band and bankrupting your country at the same time. Lots of different ways to look at things I guess. Scott

To: Rob Shilling who wrote (6578)	2/10/2002 10:45:01 AM
From: stsimon	Read Replies (1) \| Respond to of 206184

I wouldn't get too excited about the airlines driving oil demand anytime soon. They only reason they've held up as well as they have is by running huge losses. Airline security is still a joke and will be for a long time. They are still very vulnerable to further terrorist attacks. I would be surprised to see their business return to its prior peak before 2004 at the earliest, and possibly not even then. I believe a greater bull case can be made on supply disruption being the more likely driver of higher prices.