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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (23777)	12/26/2004 11:35:24 AM
From: John Vosilla	Respond to of 110194

I wonder how the wealth at the top has seemed to skyrocketed the last year even though the DOW and S&P are still somewhat below the highs reached 5 or so years ago. Skyrocketing home values and the yield spread carry trade perhaps reaching the blow off stage?

To: russwinter who wrote (23777)	12/26/2004 4:59:02 PM
From: ild	Respond to of 110194

From Andrew Weissman One of the most knowledgeable senior level executives I know, however, tells me that his greatest fear is that he believes MOST of the increased drilling that has occurred over the past 2 or 3 years is just increasing the density of drilling in existing basins, in a way that helps to offset the decline in production that otherwise would occur near term, but DOESN'T improve total recovery and instead merely: (i) accelerates the date at which major basins will be depleted; and (ii) increases the likelihood that each field being developed will reach a point at which production suddenly falls off a cliff (since the pressure has been reduced beyond the point that the field remains viable). Further, his nightmare scenario is that he believes that it is not just plausible, but quite possible likely, that we'll see several major basins all reach this stage within a short window of time sometime within the next 3 to 5 years. I don't think that anyone knows for sure that something like this will happen. finance.messages.yahoo.com