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

To: axial who wrote (122135)	7/2/2009 8:31:23 AM
From: dvdw©	Read Replies (1) \| Respond to of 206131

Long-term, base demand is certainly higher. True. prove it.

To: axial who wrote (122135)	7/2/2009 8:33:10 AM
From: Ed Ajootian	4 Recommendations Read Replies (3) \| Respond to of 206131

TRIG, you may be right about the short-term oversupply. It would be stunning to me if this were not the case given what has happened with the world economy. My point is that the degree to which the supply exceeds the demand, as measured by the excess oil production capacity, is less than it's been during periods when the economic health of the world was much better. This, to me, indicates that something has changed in the oil market in this decade vs. the previous ones. By virtue of the fact that, at least so far, we are not looking at excess production capacity of 10+ mmbo, even though that is where things were in the early '80's, even though we have a lot worse economy than we did at that time, tells me "its different this time".