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

To: upanddown who wrote (101061)	5/17/2008 6:18:16 PM
From: Bearcatbob	Respond to of 206176

Time for DUG?

To: upanddown who wrote (101061)	5/17/2008 6:36:30 PM
From: Elroy Jetson	Respond to of 206176

Nothing brings down oil prices faster than a serious economic recession. I think one is definitely in the cards. In contrast revving-up the US economy to prematurely abort the Asian recession of 1996 and similar actions to limit the work of the post-bubble recession of 2003 have helped unbalance the supply and demand of oil prices. Economies of oil use which would have otherwise been engendered by these beneficial economic downturns was avoided. This deferred work from prior aborted recessions will make the next down-turn more extensive and unavoidable. Various political consensus are an example of public preening behaviour - a mating dance performed by politicians for potential voters. .

To: upanddown who wrote (101061)	5/17/2008 7:49:12 PM
From: mutulu	Respond to of 206176

Bush should have asked the Saudis to use their incredibly deep pockets to massively intervene on the short side of oil futures. They could force down prices while taking billions from the longs. It's more profitable for the Saudis to preserve the status quo while blaming high oil prices on speculators (and laughing all the way to the bank). If Bush wants to motivate the Saudis to increase production, he should threaten to launch a national oil conservation initiative ("a Manhattan Project for energy independence"). But unfortunately his corporate masters would never approve of that. From their perspective, energy conservation could lead to other bad habits like saving money, frugality, etc.