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To: Crimson Ghost who wrote (55123)	11/20/1999 1:55:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

George, re y2k v the poos. I am assuming you are referring to the action of "speculators". You could be right. But still, if there was actual "hoarding" of oil, one would think at least some it would show up in crude stock stats. As of last week, US crude stocks are BELOW the average operational range for this time of year. I suppose some tankers could be sailing in circles somewhere in the Atlantic, but there is no hard evidence of this. If you could supply FACTS to support your contentions then I am more than willing to listen. An equally strong case could be made that traders are looking at the production, supply, and demand numbers and coming to the conclusion that they better get to the party before the refiners HAVE to. The whole problem I have with the y2k thing is that it's effects are utterly un-quantifiable until the actual event. This allows pundits incredible freedom to just make stuff up. The y2k fringe people told us that we would start seeing effects long before the actual turn of the clock. The reasons cited were that State and local govts operated on a different fiscal year, same deal with some utes. So far, it's a big no show. Sorry George I gotta be from Missouri on the y2k thing as there are plenty of fundamental data out there that support current price action in just about any indicies you care to mention. IMO y2k in the great grand Deus ex Machina of bearishly oriented pundits who simply refuse to believe that the "Great Bear Market that never was" didn't go down last OCt. JMVVHO Bull

To: Crimson Ghost who wrote (55123)	11/20/1999 10:17:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

GeorgeC; I agree 100% with Coxe... buy crude leveraged E&P's right now... US utilities will not have any problems. I think we will have what is historically an excellent price range for nat gas this winter - and here of late; but - the story is crude oil. That is why I like OEI with a good balance towards crude oil; I missed VPI at the bottom here; had the finger on the trigger and didn't pull it... NEV is still dirt cheap - but, they are terribly hedged going forward.

To: Crimson Ghost who wrote (55123)	11/21/1999 9:57:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

George, I tend to agree with Don Coxe at the moment. As Big Bull has pointed out many times, Asian demand is kicking butt. They are also having a cold winter in Europe. The combination is exacerbating the drop in oil stocks worldwide. This is driving up crude prices, but Refiners are having trouble passing on the increases in products fast enough. This is hurting their margins and slowing the inevitable inflation effect. Meanwhile we are having unusually warm weather here in the US. This is driving down NG prices because heating is one of it's primary uses. It is also decreasing the world oil stocks due to the higher burn rate of gasoline. I am amazed at the discrepancy between NG and crude prices. Given the price of oil, NG prices should be much closer to $4. All those (rather obvious)observations being noted, I suspect NG prices will skyrocket soon as the first winter storms hit. Never bought futures before even though account set up to do so. Am thinking of buying Jan NG futures next week.