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

To: Douglas V. Fant who wrote (51742)	9/25/1999 1:02:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Douglas, Someone else agrees as well! . Lot's of new BIG house built in the last few years (Housing starts = WOW!) + Heavy industry switching back to NG due to high oil prices + A normal (or even near-normal) Winter + No new NG storage to handle all the new demand ================================== = A recipe for higher NG prices What's amazing is that so few analysts/funds can make this obvious connection. And this is ignoring the reduction in offshore drilling and increased use of NG to generate electricity. The energy funds and analysts are asleep at the switch!! My brother had one of those big houses built last year. He can literally build a bowling alley in his basement. Gas Bills Expected To Rise 15-20% cnniw.newsreal.com@2@9@3@434&path=News/Category.NRdb@2@7 "If you look at the numbers, last year was the year to own a big house and have all your relatives come to visit. This year, all the commodity prices have gone up," said Jim Todaro, a senior analyst for the U.S. Department of Energy. "We're estimating, assuming normal weather and normal demand, that natural gas prices at the well head will be up 40 percent." ... Heavy industry also plays a role in moving the market. Some industrial operations can use either oil or natural gas as fuel. When the price of oil soars, as it has this year, industries switch to natural gas, and the increased demand leads to higher natural gas prices. ... "You never know about the weather. I'm waiting for the wooly caterpillars to come out," said Howe of Iroquois Energy. "We're due for a cold winter. Three mild winters in a row would be unusual. We planned for a cold winter. We bought extra storage gas this summer.