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Gold/Mining/Energy : Oil & Gas Price Economics
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To: Ed Ajootian who wrote (328)11/24/2000 4:18:05 PM
From: Rod Copeland  Read Replies (1) of 350
 
Ed,
I am profoundly thankful for the current prices!
Matt Simmons was a guest on one of the cable stock network shows yesterday... and you wouldn't believe his contentions.
He says we are now at the mercy of Mother Nature to be able to get through this winter without hundreds of people in the Northeastern state freezing due to lack of heating oil.
He believes that if we have a cold winter, that it is already too late to provide for the needs in those areas.
He advocates that the government should call a national emergency, now, and that all thermostats be set at 50 degrees...NOW. He says that only if we have a mild winter, will we escape a tragedy. He says whoever is elected as president will inherit a nightmare for energy management.
He is looking for substantially higher energy costs at all levels....oil, gas, and electricity.
It was a very interesting interview.
Hope you have had a great holiday.
Rod.
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