Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (61037)	2/28/2000 8:33:00 PM
From: Roebear	Read Replies (2) of 95453

BigBull, Looks like there will not be much help from the weather over the next week or two which are forecast to be above normal for much of the country the next two weeks. I do see some close to normal temps this weekend on the forecasts but the NAO has rebounded from its negative movement and is maintaining a moderate plus positive reading. Currently there is little or no blocking activity and any cold weather looks to be at least a week away, if not two. This will only aggravate the gasoline situation. Folks are still quick to rail against the higher prices but with most the lights go on when the reasons are explained. They seem interested in the fact that there is not as much additional domestic production going on as one might expect despite the oil and gas prices. I can't help spreading the gospel... I still don't think we'll make it all the way to spring in balmy weather, BTW PS NG was in gap resistance today at its highs, if it shows strength in this weather it might well break over the top of the gap around 2.90; looks bullish. Roebear

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