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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (5624)	1/24/2001 9:49:57 PM
From: thestockrider	Respond to of 19633

Peter, Gasoline prices are falling because supply is outstripping demand. OPEC is considering cutting crude oil production because they foresee decreased demand for crude oil upcoming. The real bottleneck for gasoline in the US is refinery capacity. Apparently refining production is outpacing demand currently as I also see prices at the pump dropping substantially. As long as OPEC can hold its cartel together, it will set crude prices where it wants. I think they want a larger cut of the planet's wealth than they've been getting so they will cut back production to keep prices up. Natural Gas prices have run up because demand from new gas fired power plants, growth in the economy, has exceeded supply. Natural gas comes from wells that produce less and less gas ng over time. The Clinton administration initiated the push for natural gas fired power plants because natural gas is cleaner for the environment and because some of Clinton's Arkansas cronies were in the natural gas business. A lack of tax incentives coupled with glut of gas a couple years back stifled development of new wells. So here we are today hoping for warmer winters, cooler summers, shifting fertilizer/aluminum production to spring and fall, incentivizing industry to shutdown at peak energy usage hours. I think NG will remain historically high from now on because I don't believe exploration will continue into overproduction. Tom's right, the EBR-II Nuclear power research project was the only real long-term, environmentally sound method of generating power. Clinton cancelled that project. We as a nation should be able to design and build power plants in the new millenium that adequately address safety issues. But we won't until the public worry about nuclear dangers subsides. I believe that worry will subside after the Yucca Mountain Nuclear Waste Site opens and runs without incident for several years. Republican GWB may aid Republican Nevada in shuttering this project. Extreme price pressures, the passing of the Boomers could also cause an earlier acceptance of nuclear power. Abundant cheap power allows faster economic growth. Nuclear power would allow the US to shutdown more coal-fired power plants, power more enterprises with electricity, undam rivers, even fuel-cell powered electric vehicles. Cleaner air and water would be the byproducts. BTW none of the fuel cell technologies will pencil out until power is cheap. Dual fuel powered heat/power plants are possible but they cost more. -thestockrider

To: peter michaelson who wrote (5624)	1/25/2001 12:15:45 AM
From: Blue On Black	Respond to of 19633

Just view from the transportation side.... Fuel has been running over 50+ to 100% over 2 years ago. It's just a matter of we have been raped longer...because they can....it's the season for it.....It's cold...you want to be warm Would they jump prices in August? Business can't stand any more so it is time to hit consumers.... It would be nice to say Your turn....but that is not the case. It is just broadening the basis of things that are paying for that 75-100% increase in profit. At least, I don't live in California..... lee