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

To: quehubo who wrote (33464)	7/9/2004 1:58:47 PM
From: James W. Riley	Read Replies (1) \| Respond to of 206200

Mr. Quehubo, thanks for the Robert Matthews article from the Wall Street Journal. Just returned from a trip to Canada where I toured two large pulp and lumber mills. As a young man I worked in a lumber mill during summer breaks so I was amazed at the automation they now use. Three men sitting at computer screens control most of the plant. Lumber grading is the only job not automated. Of course they had fork lift drivers and plenty of maintenance people. All the old mill jobs I remember are a thing of the past. They have gone the way of the service station attendant. Most of the energy stocks I own will have a relatively stable and recurring cash flow based on $32.50 per Bbl of oil and $5.80 per MMBtu of gas. So even if energy prices pull back a little we are still in pretty good shape.