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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (129598)10/16/2001 11:43:27 AM
From: Haim R. Branisteanu  Read Replies (2) of 436258
 
Interesting price action in the energy markets.

Shortly before Sept 11 NG was trading around $2.10 and Crude oil around $26-7. Shortly after Sept. 11 NG dropped to around $1.75 and Crude oil held above $25 $26, only later to drop to $22 -23.

Now one month later NG is above $2.50 but NYMEX crude is still below $23.

My read is that the energy market anticipates a slight recovery in the US ...... or a harsh winter .......... and the Central Asia oil fields will be developed at a higher speed as will the crude oil pipe lines into Turkey and/ or Georgia.

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