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Conceptual Doubt
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Posts: 507
Join Date: Jul 2009
Location: ポルトガル
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03-02-2010, 10:23 PM
Quote:
Originally Posted by komitsuki
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" “...under Haitian soil it is rich in oil and fuel.” “We have identified 20 oil sites.” said ‘Daniel Mathurin stating that “5 of them are considered of great importance by specialists and politicians.”
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“The Central Plateau, including the region of Thomonde, the plain of the Cul-de-Sac and the bay of Port-au-Prince are full of hydrocarbons,”he said adding that “the oil reserves of Haiti are more important than those of Venezuela.” “An Olympic pool compared to a glass of water; that is the comparison to illustrate the importance of Haitian oil compared with those of Venezuela,”..."
Are We in Haiti because of Oil?
In the midst of a natural disaster and catastrophe in Chile, the metals and mining industry is likely to see positive price supports in the near future.
"One major factor that drives the price of metals is the efficiency and speed of extraction of the metal in the production and mining process. According to analysts, this process is likely to be hindered. The good news is that most of Chile’s copper deposits and port facilities are in the northern half of the nation and had no major reports of damage. However, despite locality, numerous copper mines, responsible for more that 15% of Chile’s copper output halted operations as a result of the quake. ..."
ETFs That Could Benefit From Chile’s Earthquake | Daily Markets
The US would get some benefits out of it. But oil and copper for the economy's sake? They can do better.
Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like.
Last edited by JasonTakeshi : 03-02-2010 at 10:25 PM.
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