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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (40608)3/23/2005 12:35:11 PM
From: ihor43us  Read Replies (1) of 206305
 
"But, oh yeah, I almost forgot. "THIS TIME ITS DIFFERENT!" "

And the reason its different is that production is flat while all the rigs have been maxed out drilling. In the past when we had this level of drilling, we got a surge in production that dropped the price.

This time no surge of nat gas, no wall of crude, just rising demand. So yes, it is different.

Ihor
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