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

To: carranza2 who wrote (99633)	4/24/2008 1:29:28 PM
From: Umunhum	Read Replies (2) \| Respond to of 206159

Jeffrey Rubin's Latest: research.cibcwm.com His price target for oil is $150 by 2010 and $200 by 2012. Here is a link to the top 14 oil producers: infoplease.com The future looks grim for the bears. The top 5 are in decline - Saudi Arabia, Russia, United States, Iran and Mexico. China coming in at #6 is a push at best. Most experts think China will rollover either in 2008 or 2009. Canada at #7 - conventional oil has already peaked and the oil sands are going to slowly dribble in. U.A.E. at #8 is a push. #9, #10 and #11 - Venezuela, Norway, and Kuwait are all in decline. Nigeria at #12 is a wildcard - production could go either way but so far this year, production is down. Brazil at #13 is the only bright spot but any meaningful production increases are going to be about 5 years away. And last we have #14 Iraq - another wildcard that could go either way. I am amazed that more people don't get what is about to happen to the price of oil. The idea that the price of oil is a bubble or that this run up is due to speculation is ludicrous.