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

To: jim_p who wrote (24179)6/28/2003 2:41:27 PM
From: KyrosL  Read Replies (2) | Respond to of 206093
 
I don't know. OPEC is producing almost at capacity, even though the world is in recession. China's yearly increase in demand is now greater than the US'. India and the rest of Asia are experiencing rapidly rising demand too. The Caspian and Kazakstan fields are turning out to be mostly hype. The North Sea has peaked ... Maybe this time it is different.



To: jim_p who wrote (24179)6/28/2003 7:43:25 PM
From: William JH  Read Replies (2) | Respond to of 206093
 
You said, "For the last 50 years oil was going to peak sometime in the next 20 years. Every 10-20 years later it's still sometime in the next 20 years."

I can remember my 9th grade science teacher telling us that the world's oil supply would peak out around 1970. That was in 1953, just about exactly 50 years ago.


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