Quote:
Originally Posted by Bigtime
Well if the Middle East keeps melting down you can bet you won't find that bubble in Calgary anytime soon.
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I would agree Bigtime, the Middle East will have a "big time melt down" no pun intended. Gaddafi in Libya has ordered security services to start sabotaging oil facilities. They will start by blowing up several oil pipelines, cutting off flow to Mediterranean ports including Italy and other major European markets. I have also heard that in time Saudi Arabia will also have revolts and in time cut off oil to the US... and thus send Oil prices anywhere between
$150 to $200 per barrel by the end of this year 2011.
I don't see a bubble effect anytime soon for Calgary in the next 2 years. If you can get your hands on a book called "The Energy Non Crisis" very expensive on Ebay or see the film in this link below it will explain things in detail.
http://video.google.com/videoplay?do...4697167011147#