u ask are the reigns being pulled ..my opinon ..based on many...

u ask are the reigns being pulled ..my opinon ..based on many years of trading ..and making mistakes and learning...yes...the reigns have been pulled...and what brings me to that conclusion...think back... they hit a gusher ... and on open...they rise 180% approx......now they hit a gusher 11 times bigger and cant even get close to that 26c high... and top it off we have multinational companies like bp and rio banging on their door re asking for a safe place to bury their co 2 ...and we all ask why hasnt this hit 30 c or 50 c...

well consider the greenspan poison pill to all markets...for the moment ...this has killed off any rises...but it will pass...greenpan is a dinosour good in his day...but out of touch with the new laws of economics...he still wants to feel important...he's wrong...demand ..equals supply..normally...but when demand out sripts supply due to population demands increase then demand outstrips supply ..creating a shortage in supply...china is in demand ..the world can't supply...so the price of supply rises...china population will not decrease..it will continue to rise... demand for supply will continue to rise...greenspan mouths off in the words of the 80's...writing from the comfort zone of his bathtub when he was a person of importance ..it was was impressive... but the world has passed him by.. in leaps and bounds....he speaks from a world gone by...a time we will never see again...a economic powerhouse USA that has been overtaken...its a case of numbers... a case of numerical consumers...china has the biggers consumer base of this planet...logic suggests that econicoms will prevail...bottom line ..their will be blips in market...but demand will prevail...oil is prceious... now co 2 is now precious..how to dispose of it... cost money ..millions ..or billions...if we look at wgp ..we see oil... good profits...share price does not reflect this... factor in beneficacial profits of disposal of co2...co2 ..u say is longer term...wrong...to get any approvals...bp rio have to lock in a deal now before proceeding any furthur... without it ..they have nothing to satisify the epa requirements.....without a disposal soluion theyhave major problems...too put it mildly...frankly if i were them... i would have never gone into talks with them... i've have launched a takeover after acquiring 19.9 %of the stock on market........opps...did i let the cat out of the bag.....after all how many days does a buyey have to disclose.......hmmm depends on how many subsidsuary co's are involved or how many nominees are invoved...nice to get a friendly deal in place..but u have to cover your ...backdoor (ass).....oil is vey good..in the day or cabon cresit emissions .... evey credit is worth cash.....don't be fooled by low maket prices,,,,,greespan has depressed the market this week...but fundamentals remain in place....when this all passes ...and the market wakes up . from the scarey talks of greenspan....then... the reality will set in.... austaralia and the world need a solution to greenhous gases...carbon trading gases trading credits are to become the equivalenent of a barrel of oil... add in a company that is a producr of oil at signifiant net profit margins and there appears to be no downside...dismiss the greenspan doom and gloom...as no matter what... the worse it gets...the world will, still need oil..... still need a way to dispose of co 2.....media are in the dark on this one...for now....but the time is approaching.......banks...majors...they are big ticket news...but like pdn....which was ignored for so long...the time is approaching...even they will have to show respect....good hunting