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: excardog who wrote (81209)	12/9/2000 11:12:53 PM
From: Second_Titan	Read Replies (2) of 95453

The next 4 - 6 weeks could be very explosive in the patch. The last 2 - 3 API's have suffered from the SPR release and an early tertiary storage build. But the early extended cold periods will further support very strong fundamentals. With NG prices at these levels many businesses will be burning #2 oil. Many business will be curtailed from NG this Winter because of pipleline constraints anyway in the NE. So my point is serious oil demand will show up in the numbers soon. Unless there is considerable new incremental supply of NG, in excess of increasing demand, the picture being painted for Late Winter is downright scary. Imagine rock bottom NG storage levels in March with demand ~= to weak supply. Before long it may become obvious that the NG problem will not be going away any time soon. Got Keg ?

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