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

To: Elroy Jetson who wrote (101231)	5/20/2008 2:00:06 PM
From: elmatador	Read Replies (1) \| Respond to of 206097

After nine records Bovespa drops 1.28%. Is that the fleeing Elroy?

To: Elroy Jetson who wrote (101231)	5/20/2008 9:28:34 PM
From: elmatador	Respond to of 206097

10th record, reverted losses. Pares Decline After Petrobras Rallies This is the field's line up: Tupi, 8billion Carioca... Bem Te Vi... Jupiter... Let them flee, let them flee. Price of returning will be steep. Brazil's Bovespa Index Pares Decline After Petrobras Rallies By Alexander Ragir May 20 (Bloomberg) -- Brazil's Bovespa index pared its decline as state-controlled oil company Petroleo Brasileiro SA rallied on speculation it may soon announce an oil find at the Bem-Te-Vi well in Santos Basin. The Bovespa index of most-traded shares on the Sao Paulo exchange fell 79.53, or 0.1 percent, to 73,359.30 at 3:28 p.m. New York time. The index dropped as much as 1.8 percent earlier. Petrobras rose 2.1 percent to 51.04 reais. Drilling of the Bem-Te-Vi well in the BM-S-8 block has been completed, and results will be announced ``very soon,'' Galp Energia SGPS SA Chief Executive Officer Manuel Ferreira de Oliveira said at a press conference today in Lisbon. Galp is a partner with Petrobras in the Bem-Te-Vi field. Petrobras owns 66 percent of Bem-Te-Vi, Royal Dutch Shell Group Plc owns 20 percent and Galp owns 14 percent. To contact the reporters on this story: Alexander Ragir in Rio de Janeiro at aragir@bloomberg.net;

To: Elroy Jetson who wrote (101231)	5/20/2008 9:55:45 PM
From: elmatador	Read Replies (1) \| Respond to of 206097

If oil companies refuse to build, then the president and Congress should nationalize part of the oil industry and start building refineries with oil. An open letter to the president on the fuel crisis International Falls Daily Journal, MN - May 12, 2008 If oil companies refuse to build, then the president and Congress should nationalize part of the oil industry and start building refineries with oil ...

To: Elroy Jetson who wrote (101231)	5/22/2008 5:08:35 AM
From: elmatador	Respond to of 206097

Exposing Elroy and getting facts straight: "nationalize" foreign owned businesses. The ministry wants to survey deposits. Know to whom the belong, and if they are not being exploited remove the licenses and give to someone who wants to produce. It is necessary to identify these deposits, to know on behalf of whom they are registered , will be necessary, to remove the licenses of that they had made the option not to use these deposits. Between two and five years, we would have a bigger volume of fertilizers, and the prices would be reduced". The minister said that the government is making a survey of the national deposits to increase the internal production of nitrogen, match and potassium, inputs used in the fertilizer production. " Then we already know that we have deposits in Brazil. We need is to adopt measured so that they are effectively explored" , the minister said. In the specific case of the phosphorus, the government already identified that new private mines could be explored, reducing the importations. The problem is that the companies who would have done that are using 1966 legislation to delay the exploration because they do not have interest in increasing the production here. With this, they allege that they are if dedicating the research. According to Stephanes, the sector is controlled by " four or five" great companies in the world. " They are the same ones that they control the distribution in Brazil and, later, acquire production".