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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (49879)	8/25/1999 10:05:00 PM
From: A. Geiche	Read Replies (1) \| Respond to of 95453

<Germans are releasing oil because they know that if they don't oil will spike past thirty> C'mon, BigBull, what you are talking about? They are selling it because they are in a financial trouble - not because they are some sort of world philanthropists. Besides the amount they sell can only scare paranoiacs, but not to raise or reduce price of oil a cent for any prolonged period of time. Would not be they glad to sell it at thirty!! Regards, ag

To: BigBull who wrote (49879)	8/25/1999 10:11:00 PM
From: Think4Yourself	Respond to of 95453

U.S. Winter Heating Gas Bills Likely to Rise 20% This Season Washington, Aug. 25 (Bloomberg) -- After two years of lower winter gas bills, Americans could pay 20 percent more to heat their homes with natural gas during the coming season, according to a government economist. ''Winter heating DEMAND this year will be up probably 12 percent compared to last year, with gas prices up close to 10 percent, so the net effect could easily be consumers paying 20 percent more this winter,'' said Dave Costello, an economist at the Energy Department's Energy Information Administration. In the Midwest, the nation's biggest heating gas market, homeowners are expected to pay an average of $565 for gas service from October to March, up from about $472 last year, said Costello, editor of the department's monthly Short-Term Energy Outlook. And that's assuming normal winter temperatures. Natural gas is the most widely used fuel for home heating in the U.S. Homeowners have benefited from unseasonably mild winters the last two years, which has lowered heating demand, so even a normal winter would mean a substantial year-on-year rise in gas use. Added to that, there are signs gas may be in short supply this winter, driving up wholesale prices paid by utilities and the prices they pass on to their customers. Wholesale prices already are 65 percent higher than a year ago amid expectations of tightening supplies, and they could get even higher, industry analysts say. Retail prices won't rise as much, because the price of gas represents only a part of the cost of delivering the fuel to consumers. ''New wells coming on line aren't keeping pace with the number of old wells that are depleting and being abandoned,'' said Ron Barone, managing director of natural gas research at PaineWebber Inc. in New York. The most recent data published by the Energy Information Administration showed the nation's natural gas reserves at the end of 1997 were the equivalent of just 8.4 years of demand, the lowest since the 1950s, Barone said.

To: BigBull who wrote (49879)	8/26/1999 9:38:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

BigBull: “What seems incredible to me is that the thread seems utterly and myopically focused on only one side of the oil cycle equation. The supply side. It seems as though the demand side is utterly ignored - almost as if it does not exist.” It seems incredible to me that after all this time you should find absence of comment regarding the “demand” side “incredible”. If you look back you will find that you and I were the only ones consistently making that argument. Once in awhile the “mouth” joined in; but, it would have been the exception for him to remain silent on any issue.. The last remark should generate some heat……>>vbg<<!! SargeK