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

To: tom pope who wrote (143136)	12/31/2010 10:56:49 AM
From: kormac	1 Recommendation Respond to of 206151

You are right in saying that given $200 oil, oil companies will give you and me all we want, but there will be many many more who cannot afford it. So the reasonably well off will have oil for many years to come even as world oil production will begin its relentless decline. Increasing number of poor and those on the next rung of the economic ladder will be deprived the oil. From Financial Times. (IEA) ... found that even after recent investment, production from the fields was declining at an annual 6.7 per cent and that this rate was accelerating. Depletion at 6.7 percent 0.067*88= 5.9 million barrels per day. How much will new exploration bring. About 3 million this year.