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Strategies & Market Trends : Drillbits & Bottlerockets
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To: Jorj X Mckie who wrote (7432)4/10/2001 2:27:49 PM
From: John Pitera  Read Replies (2) of 15481
 
Think of it in simple terms, there is plenty of power, but
at a higher price than people want to pay.

Natural Gas is up between 4 and 5 fold over the past
18 to 24 months, crude has tripled on average over the
past 24 months (we're a bit below a triple at the moment)

Natural Gas is increasingly used for electricity generation
especially in the Midwest and the Ca.

Now there is not a 100 percent correlation between raw
material costs and retail power/electricity charges,but
there is a significant correlation.

Prices are dynamic in nature, look at the SUNW servers and
EMC storage units that are being auctioned off recently for
cents on the dollar.

If Natural Gas was still down at $1.70 a million BTU's
we would not be hearing much about this, and there would
be no concern about creating any new power plants etc.

I'm as human as the next person. I don't want to see
my power/electric prices go up 4 or 5 fold, and I
also do not want to see my high tech stocks go down 80 or 90%.

But we live with what transpires, and complain that it's
someone's fault, Greenspan, Power Manufactures.... there's
some devil who is reaping "windfall Profits" all the time -g-

sometimes it's those corp. execs with their oversized
pay packages :-)
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