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B4 The Bell Tuezleday


Guest yobob1

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Yobob: From Jim P 's site re energy. http://www.financialsense.com/Market/wrapup.htm

That wasn't it soup, though it's another good one on energy. It did refresh my memory though - it is on Puplava's site. For those who still think we have oil aplenty I would suggest you take a look.

 

Dr. Campbell is also far from sanguine about the current state of world oil reserves. He provides significant evidence that oil reserves are being grossly overstated by OPEC. Dr. Campbell notes that the two most used estimates of world oil reserves, which are prepared by the Oil and Gas Journal and the BP Statistical Review, are flawed. Both publications rely on reserve estimates provided to them by governments and industry and make no effort to verify accuracy. The below table (data from the Oil and Gas Journal) supports Campbell?s view that OPEC?s reserve figures are not based on any reliable estimate of total recoverable reserves. Notice how several countries report the same reserve figures for several consecutive years. Constant reserves figures are very unlikely considering that production and discovery would have to match each other exactly.

 

Get Ready for $50US Oil!!!

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Layoffs up 26%, Challenger says

January typically a big month for job cuts, survey says

By Rex Nutting, CBS.MarketWatch.com

Last Update: 10:00 AM ET Feb. 3, 2004

 

WASHINGTON (CBS.MW) -- Announcements of job reductions by U.S. corporations surged 26 percent in January to 117,556, the highest since October, according to a monthly tally by outplacement firm Challenger, Gray & Christmas.

 

 

http://cbs.marketwatch.com/news/story.asp?...BF}&siteid=mktw

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bearman: Yes, although, as ususal who knows the timing. The fed is screwed, all the one off BS has been used. They have no bullets left, regardless what beeny buttwipe sez. If they would just leave the mkts alone in the first place we would not be in this mess. A bunch of old farts sitting around the table pontificating in an ivory tower. Incredible! Keyensian dogma is well, just that socialist dogma. No one or group can dictate prices, and the fed is about to learn that the hard way.

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bearman: Yes, although, as ususal who knows the timing. The fed is screwed, all the one off BS has been used. They have no bullets left, regardless what beeny buttwipe sez. If they would just leave the mkts alone in the first place we would not be in this mess. A bunch of old farts sitting around the table pontificating in an ivory tower. Incredible! Keyensian dogma is well, just that socialist dogma. No one or group can dictate prices, and the fed is about to learn that the hard way.

Coudnt agree more Soup. I have become so disgusted with market management

I am not playing anymore. I would rather buy lottery tickets then take on the establishment.

 

Bearman;

TD Waterhouse has been up and running all morning.

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I guess I can only laugh when I see the crap that goldie et al still gets away with. The downgrade of amat upgrade of klac reaks of the other side of a large trade. One , in which , no doubt goldie was a party . What fascinates me is that folks still do biz with these guys. Where the hell is the outrage?

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