I was just looking at the "oil sands" thread and it sure could use some good-natured admonitions such as we occasionally get from Big Dog on this thread. There's something about that subject--possibly the lackluster performance of several of the speculative favorites such as PBG, CLL, SOIGF, etc,, in recent months--that seems to encourage mongrel-dog-pack behavior. Now they are all snarling and snapping at Mr. Hickman.
As for crude and natural gas, I can't see anything that looks as if it would have much effect one way or the other on prices for the next year or so. We are obviously going to end the winter with plenty of gas in storage, but that means that gas-fired electricity generation is likely to be bigger than ever next summer. Even with global warming, we are sooner or later going to have some winters as cold as what was "average" only 20 years ago. Maybe no more subzero temperatures in the Southeast ever again, but spells of temperatures below 10 F, which will cause huge draws.
Longer term, energy has got to be one of the safest possible investments, so I think I will try to quit worrying about the annual ups and downs of oil and gas. My main interest now is uranium, anyway. |
