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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: upanddown who wrote (6366)1/30/2002 5:40:47 PM
From: Sweet Ol  Read Replies (1) of 206089
 
John T., when you say heating degree days are below last year, do you really mean it has been warmer? Many moons ago when I was working forecasting methods for heating oil I knew what all that stuff meant. But old age has taken its toll and I may be asking a dumb question. If so, forgive the old goat.

The mean for the last 8 years is -136, so this week is about -20% from the mean. Since the temp is down 25%, we may have had a +5% draw adjusted for temps. That is about in line with the 3% average increase in consumption forecast by Simmons and others.

So, it seems to be a neutral statistic if my thinking is correct. BWDIK.

Best to all,

JRH
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