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To: BigBull who wrote (53840)11/1/1999 7:44:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
OT Talk about the little engine that could:

Sheesh this is gettin' ridiculous! <g>

koreaherald.co.kr



To: BigBull who wrote (53840)11/2/1999 6:14:00 AM
From: Roebear  Respond to of 95453
 
BigBull,
13% decline in world stocks, verrry nice and I should have been buying financials while waiting for BOOM 2000!

Last year in Pennsylvania our winter was 16.3% warmer than normal based on heating degrees, which are what the heating oil retailers used to use to figure your automatic delivery dates (now they just fill it up when its most $$$, heh heh). The year before it was 19.1% warmer than normal.
Just a normal winter then will increase winter heating usage by the above amounts in the Mid Atlantic region. For each household in PA that amounts to about 70 gallons of fuel oil for oil heated homes.
Ngas would be similar I imagine. PA NY NJ have a lot of homes and likely you can throw in the rest of the eastern US above NC for a similar increase during a normal winter.
Throw in a colder than normal winter, throw in the SUV effect (a little snow won't keep'em from driving that Excursion, heh heh), throw in the wealth effect (who turns the thermostat down anymore?) and the icing on your GDP BOOM 2000 cake gets pretty thick.

But I'm probably dreaming; keeping my vision firmly fixed on the rearview mirror, I see another sultry winter ahead.

Roebear