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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tommaso who wrote (81815)12/15/2000 12:23:55 PM
From: Think4Yourself  Read Replies (1) of 95453
 
Next week's AGA number's will be the key. If we get a big draw with all the industry shutdowns and the producers leaving all the ethane, propane, and butane in the gas stream then we are looking at a severe NG problem. Personally I believe we will get a big draw, and we are looking at a true honest energy crisis, but want to see if AGA's confirm.

Bears will have a hard time convincing anyone (knowledgeable) that there is no problem if AGA shows a "large" draw under these circumstances.

In actuality my concern is that the problem will not be solveable with higher commodity prices. There simply won't be enough supply available to maintain line pressure unless some major consumers are shut down. What will happen if power plants are shut down? or maybe we shut down all the steel mills?

And remember that if those fertilizer plants stay shutdown all winter there will be other major problems next year.
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