Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: CommanderCricket who wrote (39989)	3/9/2005 5:59:59 PM
From: Taikun	Read Replies (1) \| Respond to of 206358

CC, That scenario is also predicated on stable supply. Instead, we've got Russia nationalizing, the US military guarding supply chains, and this lunatic.D Published on 8 Mar 2005 by Turkish Daily News. Archived on 9 Mar 2005. Chavez: Our oil reserve does not belong to Mr. Bush by AP RELATED NEWS: Chavez proclaims era of cheap oil over... Power = Power... China's Oil Diplomacy in Latin America... BANGALORE - Venezuelan President Hugo Chavez on Monday accused the United States of planning to portray his country as a security threat in order to capture its vast oil reserves. "We are just waiting for the United States to announce next that Venezuela has weapons of mass destruction," Chavez said in a speech in the southern Indian city of Bangalore. Chavez - who has repeatedly accused U.S. President George W. Bush of plotting to assassinate him, a charge Washington denies - said U.S. officials have called him "a threat" and a "destabilizing force" because they want an excuse to gain control over Venezuelan oil reserves. "The United States government would very much like to keep all our oil for itself," Chavez said. "But our oil reserve does not belong to Mr. Bush. The oil belongs to the Venezuelan people." On the first-ever visit to India by a Venezuelan leader, Chavez has criticized the United States throughout his four-day sojourn. The former paratrooper also took a shot at Washington over the U.S.-led invasion of Iraq. "They went to Iraq thinking they will control Iraq's oil reserves ... but I doubt very much they will ever control that country," he said. Relations between the United States and Venezuela have deteriorated steadily since Chavez took office in February 1999. The self-proclaimed "revolutionary" maintains close ties with Cuba's Fidel Castro. On Friday, Chavez said his country would cut off oil supplies to the United States if Washington tries to "hurt" his country. "We want to supply oil to the United States... (But) if there is any aggression, there will be no oil," he warned. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Original article available here. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of environmental and humanitarian significance. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: law.cornell.edu. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

To: CommanderCricket who wrote (39989)	3/9/2005 6:06:11 PM
From: quehubo	Respond to of 206358

Being very cautious since the last week of December has left me typically loaded around 50%, without my focus on PTEN CHK I would not have kept pace with the average increases year to date in energy. For the foreseeable future Supply will be rationed by price for NA NG and globally for oil. There will be no suitable supply response. About the only thing we have to worry about is a significant demand contraction. Now if the stock market starts indicating the global economy is going to roll over our equities may lead the commodities? Anyway sitting 40% loaded mostly into PTEN NBR and some CHK. Fast money is betting in -133 tomorrow. Robry is pointing higher and the weather forecasts are still bullish as hell.