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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: WalterWhite who wrote (63406)	2/11/2009 8:22:44 PM
From: LoneClone	Read Replies (2) \| Respond to of 78417

Natural decline in oil production currently takes out about 8mm bbl/day every year. That's how much supply needs to be added every year just to tread water. IMO supply destruction will completely overwhelm demand destruction in as little as six months, barring a major world wide depression, and even then the day of reckoning would be further out but even more intense. LC