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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 (34909)	6/27/2005 11:33:37 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

as for Canadian "coal tar sands", i have not heard that term, but maybe that is just my ignorance. if you mean tar sands, or the more politically correct oil sands, production is about 1 million bpd and expected to double by the end of the decade, to 2 million bpd. I think Coxe used that phrase or something close to it in his latest speech. Perhaps I just mixed several phrases together. But yes that is what I meant. Speaking of coal how easy is coal gassification or oil from coal? Mish

To: Wyätt Gwyön who wrote (34909)	6/27/2005 11:48:50 PM
From: Wyätt Gwyön	Respond to of 110194

Deutsche Bank economist Stefan Schneider, March 2003: "If oil stays above $30 a barrel for the remainder of the year, that could well do it for both [the European and U.S.] economies." Chief UBS economist George Magnus, May 2004: "If it's at $40 and still rising, then it becomes more worrying. I think we're now at the bottom of a range where we do start worrying about growth." American Enterprise Institute economist John Makin, October 2004, when oil was in the $50s: "If the price of oil is close to current numbers by the end of this year, we will have a recession next year." online.wsj.com