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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (67205)8/11/2005 2:07:45 AM
From: energyplay  Read Replies (2) of 74559
 
Natural gas storage report out Thursady morning 10:30 Eastern time.

The oil storage report was interpeted (about 45 minutes of release) as bullish since the higher crude inventory was thought to be only due to all the refinery fires and shut downs.

So now oil is up to $65 in Asia - or the US Dollar is down to 1/65 of a barrell.

T. Boone Pickens said he expects oil to ge to $75. When asked when, he said he would want plenty of time for this prediction to come true. He said one year....
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