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[bob ford <bobford79 AT yahoo.com>]

I , personally, agree with your outlook, based on everything I am reading.  
The smart money - the people who have made the best calls so far, Schiff, 
Roubini, etc; all think commodities must come up and a lot.  But, most of 
them have called it to happen , already.  Schiff is not a "peak Oil" guy; I 
think Roubini halfway might be; but both think we are going to need 
commodities, most and , first, and as you wrote; production is being cut, 
now, because of low prices.  

But, there are others who are calling for $20 bbl crude in '09.  I don't 
know.  And, the really 'out there' people are saying that the control we are 
seeing by outright gov't intrusion in the markets, is matched by the 
behind-the-scenes pulling of the strings, that could make all fundamental and 
technical analysis irrelevant  ?......................................

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--- On Wed, 12/3/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> 
> 
> Down, perhaps by a notable bit.
> 
> And then watch out.  Prices will rise next year, says I, but not by much 
> very early in the year.
> 
> In the mean time, because of low gas and oil prices, al new exploration, 
> new recovery technology, alternate energy, alternate transportation, 
> alteration of the ultimately doomed exburbs, will all be put on hold
> or dropped entirely.
> 
> World oil production is still declinine, it just that demand is declining  
> faster.
> 
> For example, as you know, you don't get nearly as good mileage using E85 as 
>  straight petrol.  Right now in these climes regular gas is
> $1.59 and E85 is  $1.79.  You can't give the stuff away and it has a very
> short shelf life.
> 
> Right now is a breather and it is being squandered.  Get
> out of the petrol 
> merry-go-round as much as is possible while the getting is
> good.
> 
> 
> James
> _______________________________________________