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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Thai1on who wrote (14438)	1/4/2007 12:50:58 PM
From: insitusands	Respond to of 25575

Good letter. "As of 2006, national oil companies (NOCs) now control over 90% of the world’s remaining oil. The majors, including Exxon, Shell, BP, Chevron, and all the rest, are in control of a mere 10%." Scary. Coxe has been talking about this a lot. "Explanations for the spike, and the drop, varied widely....But almost none of them focused on the fundamentals of supply and demand. I maintain that the Street has still not priced in the reality of peak oil, and continues to be swayed primarily by short term factors like weekly inventory reports." EXACTLY!