Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (28048)	4/14/2010 11:15:33 AM
From: coug	Read Replies (2) \| Respond to of 71454

When will the USD be toast too?.. Seems like it has begun a long (or maybe not so long) and steady decline against these two.. CAD/USD..0.9960 AUD/USD...1.0699 kitco.com

To: DebtBomb who wrote (28048)	4/14/2010 4:22:58 PM
From: gregor_us	Read Replies (1) \| Respond to of 71454

Cantarell is sitting on a ledge at the moment after it's catastrophic 24 month decline. That field went from 1.24 mbpd to .521 mbpd as of February. A nearly 60% loss. Currently the field is "steady" at this level of 500 kbpd but given that its held up by plastic surgury one wonders when the next leg down comes. We should also be aware that the Energy Ministry has rarely made a single accurate statement in the past two years. They publish the data of course, which is dire. But they talk as if they were speaking of some other oil producing nation, not themselves. It's really sad that they kept talking about Chicontopec, as though it would save Mexico. It's producing something like 75 kbpd. Oy. International data is just out. Non-OPEC is going flat again, and the only supplier increasing production now is Non-OPEC ex Saudi Arabia. Best, g