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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: el_gaviero who wrote (25493)12/13/2003 9:48:12 AM
From: Condor  Read Replies (1) | Respond to of 39344
 
I would conclude that mucho nuclear energy production is inevitable. Would you agree?

Cheers

C



To: el_gaviero who wrote (25493)12/13/2003 10:30:53 AM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 39344
 
That's the reason to be very bullish on oil and oil producers. All commodities are going to be affected by Chinese industrialization no matter what we Americans think or feel about this. Much higher USA gasoline prices are almost a certainty for the next ten years at least, no matter what discoveries are made, no matter what happens to Iraq. USA consumption per capita is going to fall during this period.

It just may be that Saudi Arabia is the global Achilles heel and will be the target of increased terrorism. For now and the future, oil is the game, I think.

Let's not forget uranium either as it does provide a solution. There's a company in Canada called Cameco that has uranium and gold production that has moved from C$30 to C$70 in the past 8 months. Something's up in a world that you say "it ain't going to happen."



To: el_gaviero who wrote (25493)12/13/2003 11:35:57 PM
From: hank2010  Read Replies (1) | Respond to of 39344
 
Re: China energy. Think coal! If memory serves me, if coal is taken into account, China has been the number 1 miner in the world for a long, long time. Certainly the number 1 coal miner.



To: el_gaviero who wrote (25493)12/14/2003 12:55:33 PM
From: RealMuLan  Respond to of 39344
 
You assumed the per capita, per annum oil consumption in the US will remain the same, and my bet is:

During this 21th century, the average oil consumption in the US will be down somewhat, and China's per capita will be up (at the expense of the US<g>). The total production remains the same, or increases slightly. And this is called "redistribution of the wealth" towards more fairness.