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Hey Jerome, looks like you're not gonna have to pay for more bottles this year.

I think I "agree" with the WSJ. The market is really at work because the crunch is not an artificial situation as in the 70s. The scarcity is real and investments can be made with a reasonably good assessment of long term offer -not enough- and demand -darn too much- without fear of long term intervention by producing countries -no more capacity- or serious changes in energy policies by consumer countries. Good return predictability is always attractive to big money.

The problem is that the investments will probably be in tar sands and in that: about 2 or 3 worse than conventional crude oil for CO2 emissions.

Though, more nuclear is always a good thing :>

by Francois in Paris on Mon Jul 16th, 2007 at 09:24:46 PM EST

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