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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (78418)4/29/2008 1:35:13 AM
From: koan  Respond to of 116555
 
You know Haim, this oil picture sure looks precarious. I bought some ADB-admiral bay today and am looking to add to BNK wts.

Russia on the down turn, OPEC impotent, Mexico falling off of a cliff, Nigeria!, total US ng falling at 5% a year, and demand from asia skyrocketing.

And this without the middle east variable. We could see $150 this year on just the stuff above. If we bomb Iran $200.

Max supply 85 million barrels a day

Consumption 85 million+