Big Dog's Boom Boom Room Message Board

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

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To: Big Dog who wrote (32456)	5/25/2004 8:39:35 AM
From: sammaster	Read Replies (2) of 206118

it's amazing that after all the drilling the past couple of years in natural gas, production went down this first quarter and analysts think gas prices will be in the $4's in two years. also with all nations pumping gas as fast as possible with none of them putting much effort into boosting future production, and 1/3 of the world population industrializing and becoming higher oil consumers(asia,china,india), that analysts believe oil could be in the high 20's in two years. no wonder a lot of oil stocks have not really taken off and have pulled back dramatically recently despite rising prices. despite the bullish oil headlines and fears of 50 dollar oil, all the analysts basically are saying that this is temporary and then prices will drop dramatically, so neither institutions nor individuals wish to buy oil stocks "at the top". bearish spin on bullish numbers. no one believes the longer lasting bull market.

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