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[kipp440]

bbotcs - Slide 21 did it for me. 5% or 8% decline in production when demand is increasing at today's production level is huge. The IEA shows annual increases in demand ramping up higher than where we are today.....where do they get off on showing production increasing?????? Mexico and Russia have come out in the last week saying they are in and will stay in decline, they have hit the peak production point and will have to invest like crazy to slow the rate of decline. THE EASY OIL IS GONE!

Here is a link to the slide show for those who missed it early this morning.

http://www.321energy.com/editorials/simmons/simmons041108/show041208.html

Kipp