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

To: CusterInvestor who wrote (112672)	10/28/2008 7:44:34 AM
From: Bearcatbob	1 Recommendation Respond to of 206184

IMO - the drop in drilling we are about to see - witness shares of drillers - will lock in peak oil production at about 85 mm bpd. By the time we ramp up again depletion will have done a job on our production capacity. Watch the oil sand project delays as evidence. Bob

To: CusterInvestor who wrote (112672)	10/28/2008 7:43:58 PM
From: Ed Ajootian	Respond to of 206184

bigpike, thanks very kindly, that is helpful. I totally disagree with Matt's comparing this situation to the "Asian Flu" in the late '90's. Many economists are calling this the worst financial crisis since the Great Depression -- this will make the Asian Flu look like it was nothing IMO. Note from the WTRG graph that all the time the Asian Flu was going on, US oil consumption was continuing to march upward and onward -- a totally different picture than what has been transpiring since late '06.