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

To: Roebear who wrote (61038)	2/28/2000 9:53:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Roebear, Bring on Spring! I want all possible SUV's jamming America's highways and biways asap. <g> Many thanks for your weather posts this past winter, I know I've become better informed because of them. However, gasoline is rapidly becoming THE story now, as winter fades from the scene. What I find a bit strange in our discussions on OPEC of late, and the supply side, has been the lack of discussion of the demand side of the equation. The Simmons data indicates 4th qtr worldwide demand to have been 77 mbpd. and all during a period of record warm temps. in the US. Think about that for a minute. The implications are quite profound, really. Traditionally the increase in energy consumption during this period is attributed to colder temps in Europe and the US. This can only mean that most of that demand was due to economic activity. Well, as I predicted, the US economy, after revisions grew 7%. Even if US growth slows somewhat due to higher SHORT TERM rates, the US growing at these rates is astonishing - 5 - 7%. As you know from the Dent charts I PM'ed you, I really am not looking for much of a pullback in US growth going forward to '09. Further, I expect Asia to continue to grow, but I especially expect Europe to really kick into high gear as the Euro has been plunging. 2000 will also be the year of Latam takeoff that will be broadly based. Virtually every LATAM major bourse is predicting this. I believe that Simmons will be correct in his assessment for future growth in demand going forward. This will NECESSITATE substantial and new drilling programs all over the world. There simply has got to be more oil found and produced to supply burgeoning demand. Once the demand picture is understood, IMO, the OSX really goes bannanas on the upside. Surely, this understanding cannot be too far off. Maybe after the March OPEC meeting, when OPEC fades somewhat from the news. Listen man, If the world wants booming economies, they will just have to accept higher commodity prices. Period. There ain't no free lunch!

To: Roebear who wrote (61038)	2/28/2000 11:40:00 PM
From: jim_p	Respond to of 95453

Raymond James issued a report dated today titled "Summer Gas Demand Could Explode in 2000". The bottom line of the report is that NG demand in 1999 was artificially low, due to power plants switching to fuel oil as a result of low oil prices in 1999. The opposite is occurring in 2000, due to switching to NG from oil as a result of high oil prices. The result is expected to increase gas demand in 2000 not by the 3% most people are forecasting, but by their projected 10%. They predict substantially higher NG prices this summer, and gas shortages next winter. This would help explain the usually high gas draws from storage compared to last year with mild temperatures. This was the first article I read where someone is finally starting to understand what is transpiring in the oil and gas industry. Buy gas stocks now while they are still very cheep. Jim