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

To: t4texas who wrote (170918)	7/19/2012 12:40:25 PM
From: elmatador	Read Replies (1) \| Respond to of 206121

Oh, if it is not a guess is a lie? Ok. PBR is not run for shareholders' benefit. It won't be a pig bank for everybody. Government wants it to be its pig bank. Employees want a piece of the pie too. See news of threats to strike. Individual states and royalties. The way I look at it PBR is a national champion -a tool of industrial policy- around which would gravitate oil as 20% of GDP (past oil comprised 5% of GDP). I said and I repeat: Brazil is applying 100-year knowledge about oil business. Look to Iran, Iraq, and Libya and where is UK today after N. Sea oil See those M.E. countries who sold licences to E&P oil, did not dominate the whole business and ended up being subject to embargoes. I am saying the years of Brazil being the fat Turkey to be slaughtered for Xmas is ending fast. Some people dismayed as interest rates plummeted. It will take longer. Perhaps. It will cost more? Maybe. But the money will be circulating inside the the Brazilian economy. The government runs this thing down here for Brazilians, not for you. For you D.C does. Look and analyse them. Not us. And I tell you more. This oil, as Snowshoe says will be consumed in Brazil and very little will be exported. But the resentment, badly concealed by old oil, is that Brazil threw a spanner on scarcity and peak oil. First thing that happened is that US had to move and work hard for its own oil. Inland. where the money to pay for all that will come from. Free cash flow. Government tax less. Gasoline and diesel at the same price, which is akin to say: tax money goes to PBR. Not to government. If I'd be a foreigner trying to entering the game, but seeing slim pickings, I'd be frustrated. As a Brazilian? I am seating here and laughing.

To: t4texas who wrote (170918)	7/19/2012 12:47:28 PM
From: elmatador	1 Recommendation Read Replies (2) \| Respond to of 206121

Why people continue to think Brazil is a good place to invest can only be because of Brazil’s inherent sex appeal. It seems to have everything. My recommendation is go ahead, go to Brazil. Have a good time. Go to the beaches. Enjoy the caipirinhas. Then invest your money someplace else. .... Don’t own coal producers, national oil companies or iron ore producers. And especially avoid CNX Energy, Petrobras and Fortescue Metals. I strongly agree with Chanos’ take on all three of these ideas, which is why I decided to bring them to your attention. Read more: Three Investment Ideas to Avoid...or Sell Short http://dailyreckoning.com/three-investment-ideas-to-avoid-or-sell-short/#ixzz215V91f00 Then invest your money someplace else. He does not tell where someplace else is... Europe? Japan? If we have inherent sex appeal, do we need somehting else? LOL!