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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: Rod Copeland who wrote (330)	11/30/2000 12:41:20 AM
From: rajaggs	Read Replies (1) \| Respond to of 350

Price of crude remains high and unlikely to drop until after the election in Israel, which could make things worse of Sharon or Netanyahu wins. Price of NG remains at all time high and unlikely to drop for 4 months. AGA figures today indicated a large drop in stored reserves. Over 140 bcf draw down, I believe. Not that I am complaining about either, especially NG as that is where my money is. Where to from here.? Do we just sit and wait until it falls back a bit in the spring.?? I believe that the price for oil futures doesn't drop below $24 before June 2003, as it sits right now. At that time the tanks will need to be filled for the supply of heating oil for the 3/4 winter. What then, another round of price hikes and hopes for a mild winter, in lieu of an energy policy.?? Bush appears to be in and he is very unlikely to spawn or even request an energy policy that will provide any reduction in demand, especially through higher taxes or punitive restrictions on oil fired electrical generation plants. Where is NA headed for 4 years with Bush.? Nowhere it would appear, as far as energy conservation and price stability are concerned. A cold winter and a rash move by Sadaam Hussein are all that it will take, to put the USA into an energy supply crisis. 'jaggs