ERHC Energy Inc (ERHE)

[mugwump]

rick rule:
Rule sums it up this way: "When we spend money, we buy services. When poor people spend money, they buy stuff." He points out that China's use of oil is 3% of the U.S.' on a per capita basis. If China were to get just to the demand of South Korea on a per capita basis, which is 16% of the U.S.', then China's incremental oil demand would account for all of current world production.

Not surprisingly, Rule's favorite sector in the resource sector is energy. "Energy is cheap, and it's not going to stay cheap. Gas is the same price as it was in 1980 on inflation-adjusted terms."