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

To: elmatador who wrote (84438)	5/13/2007 8:04:46 AM
From: stan_hughes	Read Replies (1) \| Respond to of 206317

WAYO? Yes, there is undoubtedly a black hole in there somewhere, but I think the NYT is a bit full of it with the headline number. Even in Iraq, I find it difficult to believe that 300,000 barrels a day of any liquid could just disappear down a rabbit hole without a trace. This isn't bank fraud where you can steal things with your keyboard, you have to be able to physically move the goods. And at $50 oil that's $15 million in gross value times 365 days = $5.5 billion dollars annually, which is equivalent to the entire GDP of The Bahamas. That's definitely the big time. One might be tempted to call it the Mother of all Product Loss. Imagine 15-20% or more of Texas crude going missing day after day after day. Like I said, I think the 300,000/day figure is BS