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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (1332)	10/21/2005 5:44:05 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 218449

We began "peak oil" back in 1860 when oil could no longer be found at depths of less than 100 feet. Nice try. M. King Hubbert Rat

To: Elroy Jetson who wrote (1332)	10/21/2005 5:53:26 PM
From: maceng2	Read Replies (2) \| Respond to of 218449

You'll find that the "peak oil" story sells better among those unfamiliar with the oil business. Actually you will find us rats climbing up the ropes of some new oil production "bonanza". We already know it's all B/S. OK, I'm unfamiliar with the oil business. So we have plenty of oil. Lets hear it.

To: Elroy Jetson who wrote (1332)	10/23/2005 12:56:02 AM
From: freechina	Respond to of 218449

You make interesting comments. Could you please comment on puplavas oil insider letter in his show this weekend: netcastdaily.com netcastdaily.com The oil insider part starts 48 minutes into this audio program and lasts about 6 minutes - the oil insider says too much "nimby" in states on the west, east coasts and fla - oil too deep - temperatures and technology make it too expensive at current prices - africa is really the only place left for "cheap" oil but he was kidnapped and shot at over there - that we have 10 years before the fighting really starts between all the oil hungry nations - china, india, usa etc etc perhaps sooner. That renting a rig for a month costs millions of dollars and no new rigs being built in great numbers so those prices not going down. He said capped off wells are ludicrous - oil companies cant do that - would piss shareholders off they spent all that money digging wells and then cap them off. Jack Chen wants to help chinese middle class have the western energy lifestyle - how do so many asians come up to western middle class standard of living without OIL prices going up quite a bit? The Insider said the industry in 81 had 1 million workers, today 500K and most of them are 40+ so things are getting worse one retirement at a time if "expansion" is your goal - I guess Jack Chens and the younger crowd want to blow up iraqi types in UNREAL deathmatch instead of go out and do REAL WORK and pump black gold. Puplava asserts after refco fallout cleans up - and goldman sachs (it to you) huge billion dollar block of XOM last week is smoothed over - oil and energy will resume its uptrend - that 60 dollar oil is CHEAP CHEAP CHEAP. PE's are low and now is the time to BUY BUY BUY cramer MO BACK style. financialsense.com So you are not holding real estate, not holding stocks, not even p/e 9-12 oil stocks - when would you consider holding oil stocks? Where are you putting your wealth if not stocks and real estate - bonds? Virgin Branson talking about building refinery for his airplane - if it takes 6 years for all the ducks to line up in the row and make sense - then does this not just add fuel (no pun intended) to the claims that oil companies cannot respond fast enough to increasing demands from india, china, usa? Therefore price must go up greatly.