Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Cogito Ergo Sum who wrote (1215)	9/7/2001 11:47:48 PM
From: Frank Pembleton	Read Replies (1) of 36161

Kastel, the idea here is to see what effect the National Energy Program has had on the commodities themselves. My point is really to see if growth in base-line generation has reduced utilization rates of the power generation plants. I don't see it in the data, yet! I'm speculating that if we get a cold winter south of the border, the Americans will continue to use NG as a base-line power-generation source. There is also the issue of OPEC maintaining high crude prices; fuel switching will not be a factor this winter. I repeat, I'm speculating – but I do intend on taking a position later in the year, probably the day we hit full on the NG inventory scale and certainly after this take-over fever stuff subsides. Regards Frank P.

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