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

To: CommanderCricket who wrote (95813)	1/17/2008 10:11:36 AM
From: jrzy	Read Replies (2) \| Respond to of 206209

------“The International Energy Agency projects that China and India combined may increase their oil consumption to 23.1 million barrels in 2030 from 9.3 million a day in 2005. The demand for oil is also growing in big developing countries like Russia and Mexico, where car ownership is rapidly rising.”------ nytimes.com

To: CommanderCricket who wrote (95813)	1/17/2008 10:57:32 AM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 206209

Command Cricket >>>Does any sane person really believe this is going to happen at current prices?<<< Yes it will happen, as it always does. The top brass at BP is right when they say there is no shortage of oil or prospects - although there are growing political and access hurdles. Replacing 5% of 90 million per day is for grins 4.5mm per year of new capacity - that is quite reasonable to expect at present activity levels.