Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: J.B.C. who wrote (7297)	1/2/2001 8:31:45 PM
From: gamesmistress	of 13094

It's not Joe Consumer driving up the price of natgas, it's the increasing use of natgas to power electrical plants combined with the reluctance of the oil/gas producers to drill more until now, given the price they were getting the past couple of years. Nobody thinks $9 - $10/mcf is sustainable for long, but with the increased demand plus the time it takes to get more supply available, it's not going back down to $3/mcf anytime soon. If you go to simmonsco-intl.com the speech "Outlook For Natural Gas: Is A Train Wreck Pending?" presented by Matthew R. Simmons, is a good and readable summary of the reasons for this crisis. (Free registration)

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