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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (54794)	6/21/2000 12:49:00 AM
From: UnBelievable	Read Replies (2) \| Respond to of 99985

Likely to Be a Mostly-sideways Chart Pattern "Can the Fed continue to pump up the Money Supply with tomorrow's hopes? They can probably keep the presses running for as long as they want... but at the cost of runaway inflation. This is the price that we will all have to pay for the political games being played out by the Fed today." "An interesting note on the Gasoline Price chart, notice how the front prices rose last week while the outer-months (Oct'2000 thru Feb'2001) stayed about the same as June's. This suggests that the supply/demand situation remains significantly imbalanced and actually worsened last week. Concerns about additional Crude Oil supply increases by SPR or OPEC are what kept the outer-month prices subdued. Last week, Gasoline futures prices traded above $1.09 per gallon. Despite the SPR and OPEC influences, the immediate Gasoline inventory is severely limited -- I think Gasoline futures for July delivery will trade above $1.10 before they expire on June 30." geocities.com

To: pater tenebrarum who wrote (54794)	6/21/2000 10:15:00 AM
From: Sweet Ol	Read Replies (1) \| Respond to of 99985

Heinz, Thank you for that link. I can't really disagree with much that he says. I studied Petroleum Geology and Engineering in collage, but have not practiced it, as I have been in the computer field all my career. He does a very good job of making the issues understandable. The only caution that I would offer is that historically we have always underestimated reserves, for the reasons he points out. His estimates may be a bit too pessimistic, but at best it just postpones the inevitable. Another thought that just came to mind is that this may not be a cataclysmic an event as he postulates in his scenario. It is conceivable that a general understanding of the problems, through our improved communications, will cause us to react differently. We may slowly, over a period of time, adjust to the realities of the situation and adapt. The human being is a very adaptable and resourceful animal. I am not being a Pollyanna, thinking that it will be all smooth and easy, but rather suggesting that the cataclysmic ending is not the only rational scenario. The real question in my mind is how to profit from this knowledge and how best to plan for our personal futures, since there is not much we can do individually to change the world-wide situation. Best to all, JH