SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (4271)1/2/2009 10:22:35 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
One other thing... a whole lot of production is starting to get shut-in now.

Wells are being capped (expansion plans being put on hold - especially in the Canadian tar sands area), and hard rock mines that are already in production are seeing further investments pushed out into the future.

Miners not yet in production will not find any financing for some indeterminate - but likely long - period of time.

All this will reduce output, reducing supply.