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

To: Wyätt Gwyön who wrote (83559)	4/25/2007 10:10:14 AM
From: Wyätt Gwyön	Respond to of 206325

btw, COS earnings today at 2:30 mountain time: Canadian Oil Sands Trust Annual and Special Meeting notice Calgary, April 19, 2007 (TSX – COS.UN) — Canadian Oil Sands Trust will release its first quarter 2007 results and hold its Annual and Special Meeting of Unitholders on Wednesday, April 25, 2007 at 2:30 p.m. (mountain standard time) in the Grand Lecture Theatre of the Metropolitan Conference Centre, located at 333 Fourth Avenue SW, Calgary, Alberta. The close of business on March 6, 2007 was fixed as the record date for determination of those Unitholders entitled to receive notice and to vote at the meeting. All proxies must be received by Computershare Trust Company no later than Tuesday, April 24, 2007. A live audio Web cast of the meeting will be available on April 25 at the following link on Canadian Oil Sands’ Web site: cos-trust.com

To: Wyätt Gwyön who wrote (83559)	4/25/2007 3:14:48 PM
From: Umunhum	Read Replies (2) \| Respond to of 206325

The Ghawar has peaked, Cantarell, Burgan, and The North Sea have all peaked. Russia is about to encounter a second peak according to the experts. There are quite a few articles on the Oil Drum that leave a lot of doubt about the ability of Saudi Arabia to continue current production let alone increase it. theoildrum.com The world is using over 30 billion barrels a year of oil and finding less than 10 billion – that’s not sustainable. Both China's and India’s economies are growing at around 10%. Both countries use less than 2 barrels per capita compared to 17 barrels per capita for South Korea and Japan. Every barrel of rising demand per capita for just these two countries represents over 6.5 million barrels a day. The current world demand growth for oil is on a path that will outstrip supply in a matter of months, a few years at best. The dollar is approaching all time new lows. The baby boomers are going to start to retire in masses in 2010 putting more pressure on the dollar. As the dollar tanks, oil becomes cheaper for the rest of the world. We’re at a point now where the people that can’t see that oil prices are heading a lot higher are never going to see it. Our solution to high oil prices is ethanol? I heard Steve Forbes say that without the importance of the Iowa caucus, ethanol would have never happened. And sadly, I couldn’t agree more. The top multinational oil companies are including gas in their reserves and reporting them as oil equivalent because they can’t replace their oil reserves. Do you think if oil went to $100 the multinationals could replace their reserves on an annual basis? I don’t, but the economists do. The story just goes on and on. And just gets more bullish by the day. The fact that you can buy Dec 2015 oil contracts for $67 a barrel is unbelievable! I think we are going to take out the all time high oil price this Summer and then take out the new high this Winter. The question is not whether you should buy long dated futures, it’s how much should you buy? Do you scale into it? What price level could a draw down bring? How much leverage should I employ? I am more confident now than I was we when had this conversation 3 years ago.