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

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To: russwinter who wrote (18723)	2/22/2003 2:00:42 PM
From: GREENLAW4-7	Read Replies (2) of 206116

Russ, If you read my post either here or on YHOO-RIG, it is very evident that one of the factors that have caused the OSX to lag the products was that very issue of DEMAND. The higher prices KILL demand, and its been known in the patch for many years. I use to call GLM and discuss how higher oil not only puts economy into recesion but also gives cold feet to the majors who don't want to get caught holding the bag when NYMEX traders decide to crush the price. This last week, GSF again said no pickup in gulf, even thought many of those jack-up rigs explore for NG. We have now been above 30 for over 30 days, and I fully expect to see 40's on any attack. The problem with the premis that crude will stay in 30's after war is DEMAND. The longer we stay here the longer it will take to recover from the hangover.

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