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Subject:  Re: OT: Oil Production Date:  10/22/2007  7:31 PM
Author:  Tredos1 Number:  21884 of 36397

Our approach was to invest in the T. Rowe Price New Era fund which is 60% in energy with some mining and other things. It currently is up 33% this year, even after Friday's correction. What it will be by years end, I have no idea. But since we (i.e. the USA) refuse to do anything to minimize our oil imports (and increasingly LNG and even gasoline), I only see the long-term trend to be up, baring a world-side recession (which could happen, I think).

Anyone playing NLR for this scenario?

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