SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tommaso who wrote (226047)3/7/2003 8:50:44 AM
From: reaper  Read Replies (1) of 436258
 
T -- as you noted in your post, after the last spike to $10 gas (coincident w/ the California energy "crisis") plenty of gas drilling came on line pretty quickly, enough to not only avert a gas 'crisis' but actually enough to pretty much crater the price; such a cratering occured that the E&Ps actually seem reluctant to drill this time around for fear of doing the same.

so what is it that makes you see "energy Armageddon" coming? has something fundamentally changed from a couple of years ago (other than storage being at even LOWER levels than it was then)? i'd think that enough industrial demand (principally aluminum and fertilizer, but also places like my dad's commercial bakery that can fuel switch to oil) would come off line to help prevent the price from going much higher, but maybe i'm relying too much on the history from 2 years ago when a lot of folks got majorly head-faked by gas. thanks.

Cheers
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext