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

To: tom pope who wrote (103833)	6/26/2008 7:26:46 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 206330

>>Are these the new reserve calculations that were supposed to light a fire under the oil sands?<< I believe they are. However the full text has not been released publically, but this is encouraging.

To: tom pope who wrote (103833)	6/26/2008 7:30:25 PM
From: elmatador	Read Replies (2) \| Respond to of 206330

Oil Bubble Set to Pop: Crude to Fall 25 Percent in 6 Months, Says Invesco's Garnick Posted Jun 26, 2008 01:03pm EDT by Aaron Task in Investing, Commodities Related: OIL, USO, DUG, GLD, XLE Oil prices surged again Thursday after Libya threatened to cut production and OPEC's president forecast $170 crude this summer. The Fed's inability to raise rates to support the dollar is also keeping crude prices aloft, as well other commodities like gold. But oil is a bubble that's going to pop soon, says Diane Garnick, investment strategist at Invesco, which has nearly $500 billion of assets under management. Demand for oil in the emerging market has been "overstated," says Garnick, who foresees a 25% decline for crude in the next six months. Garnick may be right about demand, but I'm still of the view that supply constraints are the fundamental reason for rising oil prices. That said, I'll note commodity maven Marc Faber of the Gloom, Boom & Doom report has also turned cautious on the sector, at least for the next 6 to 12 months. While Garnick is in the "oil is a bubble" camp, she disagrees with those who blame speculators for its rise and worries about the unintended consequences of related legislation. Message 24709586