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

To: Tommaso who wrote (81549)	12/13/2000 12:43:25 PM
From: jim_p	Read Replies (3) \| Respond to of 95453

Tommaso, My experience has taught me that when the perception changes to "prices are not going down for a long time", is when the bottom falls out. We are beginning to see a change in perception in NG to that we are in a "new market" and NG will not go back to the $1.80-2.50 historical trading range, which is very concerning to me. My hope is that we don't have a hard landing, and the market perception changes in oil from one of "oil is about to crash" to one of "the world is truly short of oil supply" before the NG cycle ends. We are in a NG crises now and the market does not know how long it will last, but the market believes we have averted an oil crises for now. Jim