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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (14764)	11/10/2002 10:12:25 AM
From: Tommaso	Read Replies (2) of 206096

To some extent NG is a hedge against whatever happens with Iraq. The supplies have nothing to do with the Middle East, nor does the basic demand. New drilling seems to have slacked off, at least for the time being. If Saddam caves in sufficiently to please the United States, the oil-supply situation should stay about the same as it is now. If the U. S. attacks Iraq, oil prices seem sure to rise for a while--possibly a lot, and possibly for a long time. I have a hard time seeing much donwside for NG. At the same time, I remain skeptical of statistics about production that do not compile all sources of natural gas, down to the smallest producers (Canadian as well as U. S.) and coal-bed production. These claims of a steady 6% (or so) decline in production, if true, would warrant putting everything one owned into NG and adding to that using margin. So I am bullish, but somewhat cautious.

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