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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (14060)4/27/2013 2:02:03 AM
From: richardred1 Recommendation  Read Replies (2) of 33421
 
Appreciate the comments and opinion.

>I think the long term trend is clear in the NG industry. We have the cheapest NG of any developed economy, so it stands to reason there will be increasing utilization of that resource.

I so much agree, Hawk. I've mentioned it before, but when I see Dow Chemical & other big chemicals Cap-X spend to use NG as a feed stock. It catches my attention..

Especially since we still have OPEC.

Just imagine OPEC reaction, if our American & Free World Global industries got together to set prices to OPEC customers.

Over time I think we will see the demise of OPEC. However our US oil companies, partner and feed off of them.

P.S.
This market has been resilient one. The Bears have been waiting and the Bulls. Well, I think I heard a good analogy from Rick Santelli? Their riding the Titanic. Will it last till the end of May or longer? May, a usually bad month. I can only guess, but I know where my life jacket is. I'm not ready to jump ship yet, but I know the lifeboats will be full on events of trouble. I don't think the FED can do much bailing if the ship hits an iceberg this time. Street Paper gains disappear overnight, but the solid brick and mortar we invested in will still be there.

Rick
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