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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (32921)	9/28/2008 7:30:17 AM
From: prometheus1976	3 Recommendations Read Replies (2) \| Respond to of 206762

Hello Chief and everyone...how can you have 40$ oil and 2,000$ gold? I am having trouble coming up with a scenario that produces that result. My Regards,P1976

To: da_cheif™ who wrote (32921)	9/28/2008 11:35:10 AM
From: rubbersoul	Respond to of 206762

Hi Chief, <and if it goes to 40???> Then peak oil theorists have been lying to us or have got it all wrong. They could be....My understanding is that it generally costs much more than $40 crude to make it a profitable business for most oil companies. Wouldn't $40 crude force oil companies to shut down which would make oil more scarce which in turn would propel the price up? Will demand destruction be that severe? Currently, I can't see 200 or 40 but am open to the possibilities.