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Strategies & Market Trends : Value Investing

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To: Dale Baker who wrote (18126)	3/1/2004 12:24:39 PM
From: Grommit	Read Replies (4) of 78717

Coal - more energy doom and gloom from grommit. Dale, I think this is happening. I've read where some NG plants under construction may not be able to get the NG the contracted for because the supplies don't exits -- enron contracts with no substance. coal outlook today: biz.yahoo.com However, I think it's a longer term effect than that link mentions -- it will be a permanent condition. I bought BTU a few months ago after reading about the long term needs for coal. I thought it was overpriced at the time. Paul, I know you bought NSC Message 19575008 which looks like a good coal bet. I bought BNI for the same reason. Both companies are doing better than the other railroads in recent months. finance.yahoo.com I posted this before, excuse the repeat. "In 1999 the Natural Petroleum Council projected that supply growth in natural gas would be adequate to increase gas use by 36% by 2010. In 2001 we had a record drilling boom for Natural Gas. This failed to budge supply. In 2003 natural gas clearly faces a crisis... I will tell you that there is a growing genuine concern in Washington about what is happening with natural gas today. peakoil.net Nat gas depletion is in the same boat as oil. NG wells deplete faster than oil. Texas production dropping even with more and more wells drilled. Mexico shut off exports to US and is importing NG now. Canada expected to fill the slack but cannot. "NG will not solve the energy-supply problem caused by oil depletion... disturbing signs that rates of NG extraction in North America will soon start on an inexorable downhill slope -- perhaps within a few months or at most a few years..." coal: finance.yahoo.com

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