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

To: Bearcatbob who wrote (143138)	12/31/2010 9:25:04 AM
From: CommanderCricket	2 Recommendations Read Replies (1) \| Respond to of 206148

Bob, "The supply response takes years." Get with the program, OPEC has 5 million bbls of spare capacity! Turn the valve, here comes the crude....LOL Looking forward to 2011! Michael

To: Bearcatbob who wrote (143138)	12/31/2010 2:14:26 PM
From: JimisJim	3 Recommendations Read Replies (1) \| Respond to of 206148

<That was a spike increase in price. The supply response takes years.> And yet the Saudis and others with their supposed spare capacity didn't produce a single extra bbl during that time. I guess they suddenly got religion when it comes to cheating on OPEC production limits? LOL! Yeah, the world can produce gobs of oil on demand if only the price is high enough, long enough... LOL... I'm sure that's what the average politician and voter believes because that is what our current energy policy seems to be based on. Do you really believe there is no limit to how much oil the world can produce on a daily basis regardless of price? Jim