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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Frank who wrote (85661)1/30/2001 12:18:45 PM
From: Think4Yourself  Read Replies (3) of 95453
 
Read an article this morning in the Baton Rouge press about Ammonia and Chlorine manufacturers shutting down and selling the NG they normally use into the market because it was more profitable. Suspect this has been happening in numerous industries all over the country, which contributed mightily to the low draw. This week's draw may also be in the double digit range for that reason, but dropping NG prices should put an end to that real soon.

Given temps in Detroit today, which are the warmest in months, I suspect next weeks draws will be even weaker unless NG prices continue to fall.

Have to keep reminding myself that we are only halfway through winter. Not willing to throw in the towel halfway through the fight.
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