RE: post #12583938sigh... it is indeed sad that we are now discussing oil and world politics on WED's flat panel TV board. Oil/energy and precious metal stocks currently represents about half of the TSX's stocks so there is some relevance to consumer emotions and what drives the human psychology of shopping wants vs. needs. We have basic needs of clothing, food and shelter... everything else is pretty much a want. Canada is America's biggest trading partner in oil followed by Mexico (for those interested, here's a link to oil import info https://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm ) and the US has been drinking oil for breakfast if you look at their past 25 years of oil consumption at this link https://tonto.eia.doe.gov/dnav/pet/hist/mttimus1m.htm but there is alot more to the Iraq invasion than oil. In the world of politics, what you read is only a very small part of the global political-economic picture (they do in fact get about 5% of their oil from Iraq and they plan to secure alot of contracts in re-building their infrastructure after bombing it to pieces and it ruins the French and Russian contracts previously held with Saddam... this is why France & Russia said no to the Iraq invasion).
The fact that the US is in deep doo and they are now printing money (in Feb 2006 they also stopped reporting how much money they're printing thus the fast drop in their currency), the coming decade will be nasty for them. Their housing boom has just about busted so the big R word is just around the corner (it comes around every 7-8 years so it's due). I just want WED to get this bloody TV out to the consumers before the friggin crash!!! Will somebody get that JV done so I can take my money and run??? I'm getting so bored watching this stock drift but it unlikely they will make an annoucement this month (it would be a mistake IMHO cos all the big cheeses are sitting at their cottages downing cold brews and nobody would hear the good news). I like invest20 scenario of an annoucement in early Sept and the stock to take off over $8. Holding still and drinking kool-aid with the longs.