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

To: Tommaso who wrote (136069)	6/24/2010 9:54:35 AM
From: microhoogle!	Respond to of 206326

A recession will put a lid on crude prices for some time. Anyone who doubted there would be a double dip recession can now be assured of that by reduced crude supply.

To: Tommaso who wrote (136069)	6/24/2010 10:01:03 AM
From: Keith Feral	1 Recommendation Read Replies (1) \| Respond to of 206326

Nice time to be dreaming up peak oil. I find it hard to imagine that the market is going to pay 2 times the marginal cost of production for oil to companies like BP which has a fixed cost near $60. We might as well start suggesting that dayrates for offshore oil rigs are going to climb to $1 million per day and this is the ideal time to buy RIG. But, anything is possible.