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Re: catchet post# 8986

Monday, 03/21/2005 5:31:19 PM

Monday, March 21, 2005 5:31:19 PM

Post# of 23718
Oops, hate to be this guy (so far no good). From Wealth Daily.

"Scores of oil experts still are sure that 2004 was an aberration and believe, some with passion, that 2005 will finally see a return to normality in oil markets. This belief presumes that growth in oil demand will slow in conjunction with a significant supply response. Obviously, this combination of events could occur, but it is hard to find any factual data to support how demand could stall while supply soars. Unless one or the other (or both) happen, the oil markets should remain tight or tighten further than in 2004." -Matthew Simmons, March 1, 2005.
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The thing that gets me about oil is that for 2 years now the US has been claiming a shortage in reserves and OPEC has been raising production. So where's it all going? (yeah I know, China, heard that one already; and those damn terrorists blowing up the wells isnt helping things either). As many have pointed out in the past, we wont know, until its too late.

And dont even start on H2O. It is next in line on the soon to be endangered natural resource list. We are already hearing reports of drinking water shortages, and with rivers drying up, hydro will become endangered (not my words). Wish I still had those articles to send you but my hotmail account is overloaded (sign up for one #$@#$! newsletter...). The articles came out about mid February from either Wealth Daily or Investment House, I think the latter. Maybe someone else has them.


He who smiles at lofty schemes, stems the tide of broken dreams.
R.Hodgson