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

To: Wyätt Gwyön who wrote (34525)	6/16/2005 5:12:51 PM
From: carranza2	Read Replies (1) \| Respond to of 110194

explanation that makes the most sense to me is that spare capacity has gone away. It may be strained, but it seems unlikely to have altogether evaporated. I think the inevitable might be postponed by conservation in the US, periodic global demand cycles, the upcoming supply of Russian oil, and the fact that reliable figures for Saudi reserves are opaque, to say the least. But all of these still only delay the inevitable. The question is when, and I am not comfortable with any predictions. My guess is about 5 to 7 years, perhaps a bit longer, but this is simply intuition at work, and you know how much that is worth.