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

To: CommanderCricket who wrote (76693)	12/21/2006 2:59:02 PM
From: CommanderCricket	Respond to of 206325

And the beat goes on..... 12% decline in UK oil production UK Oil-October Production Britain's North Sea oil and gas production continued its decline in October, falling by 12 per cent compared with the same month last year despite registering a 10 per cent rise since September. According to the latest monthly index from the Royal Bank of Scotland, oil output averaged 1,443,525 barrels per day (bpd) in October down from 1,640,547 bdp a year ago. Even more startling, gas production was down by 24 percent compared with October 2005, averaging 6,617 million standard cubic feet per day. In September, oil and gas production was down respectively by 17 percent and 16 percent compared with a year ago, despite the completion of annual summer maintenance. Crude oil production alone, which has been in decline for the past five years, has now fallen by over 250,000 bpd, equivalent to nearly 15 percent, since the beginning of 2006. The only consolation for the UK has been in the continuing devaluation of the US dollar, which has reduced the cost of oil imports in terms of sterling. The bank reported that while Brent crude in October was only down by Dlrs 0.81 per barrel to an average of Dlrs 57.82 pb compared with a year earlier, sterling prices have fallen by 7 per cent to Pnds 30.83 per barrel. After the most recent rebound to Dlrs 63.50 pb, oil is down 19 percent in dollar terms, but 24 percent in sterling and 23 percent in euro terms. irna.ir

To: CommanderCricket who wrote (76693)	12/21/2006 6:13:09 PM
From: ChanceIs	Respond to of 206325

>>>It is very tough knowing you've called the longer term problem correctly but not getting too roughed up waiting around.<<< Hello Michael, If I might be so bold....either you misspoke, or there is room for improvement in your sentiment, which is fundamentally quite sound. I think it more correct to say that getting roughed up while waiting around is a surety. Managing the certain abuse should be viewed as a pleasant intellectual challenge - and why I keep options in my toolbox. Now what is truly tough, is accommodating the certain psychological damage from the inevitable financial pummeling. Maalox helps with this. Alcohol hurts. Reading the history of the greats - Mellon, Morgan, Graham helps. Actually making sure that your spiritual foundation is sound is probably the most important. I think that being a member of the polar bear club helps - you know - when you strip naked in Minnesota on January 10th and jump through a hole in the ice into a lake. This treatment needs to be applied many times and years before you make your first trade.