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


To: chowder who wrote (105304)7/17/2008 9:11:17 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 206326
 
That's an interesting post. In light of I don't doubt that China will grow 50X from where they are now within the next decade or two .. a 15$ oil price and flat lining seems contradictory unless a viable alternative arrives soon, but hey 150$ oil sure isn't working either..

I'll be looking for that reply also.



To: chowder who wrote (105304)7/18/2008 7:57:45 AM
From: Think4Yourself  Respond to of 206326
 
That's a great question, one that I'd like to know the answer to as well. Even more near term, if China actually goes into recession because of what is happening here and in Europe, will the people revolt? there is a massive gulf between the have's, with vehicles/food/jobs, and the have nots, with nothing. If the jobs start disappearing that is likely to cause a lot of social instability.

Long term the direction for energy, and almost all commodities, is definitely up. Shorter term, as in the next year, it could go below $100 very easily.