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

To: upanddown who wrote (117719)	2/12/2009 4:56:51 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 206181

John, I hear you and agree completely. The problem is that my HOU, which tracks the WTI price, is suffering these past two days. :-( I do not wish to do something rash like sell this week at a loss. WTI is at the bottom of a 2-3 month range. That is the reason for my WTI obsession (and frustration). Cheers, S&P

To: upanddown who wrote (117719)	2/13/2009 4:08:13 AM
From: Michelangelo7	3 Recommendations Read Replies (1) \| Respond to of 206181

The question is: If WTI is among the highest grades, and is commanding the lowest prices, why does the storage at Cushing keep going up? Why isn't this high quality crude going elsewhere to get the higher prices? It's like water flowing uphill. I'm beginning to think that the problem is that the increasing production from Canada (oil sands, Bakken, liquids) has nowhere else to go. Wasn't there a plan to reverse a LOOP-Cushing pipeline to handle the extra oil? And another plan for a pipe to the west coast? Where do those plans stand today? This could remain a problem until there are more pipes flowing away from the middle of the continent? AIMHO.