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

To: energyplay who wrote (6117)	5/6/2006 7:29:27 PM
From: TobagoJack	Respond to of 219674

Hello EP, I think the 49 tril is a straw man to the extent that it is, but otoh, Message 22424790 , and remember, the sum is just and only ss, medical, and fed employee benefits, which constitutes an admittedly large portion of the FED budget, but still, all growing, with each printing cycle, and all non-productive, serving the masses, require dilution, subject to majority vote increase, meaning the system has no feedback loop control, running away ... unlike, say, gold and silver :0)

To: energyplay who wrote (6117)	5/7/2006 11:13:10 AM
From: Seeker of Truth	Respond to of 219674

"Bubble pricing for energy assets". Wow! That's interesting. It's difficult to put a price on energy assets. Some good companies like CNQ have no earnings to speak of; they are basically trading on the promises of the future,i.e. oil sands. The problem of valuing an energy company with enormous but temporary capital expenditures is really difficult. Out of laziness I develop the gut feeling that replacement by Coal ---> Liquid Fuel and Plant origin liquid fuel will come sooner than bubble pricing. A straw in the wind-- a recent article in the Economist assuring us that there is plenty of oil, no need to worry. As long as such articles appear in prominent publications we are probably safe.