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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: JungleInvestor who wrote (5797)7/6/2001 3:45:27 PM
From: Second_Titan  Read Replies (4) | Respond to of 23153
 
The present RIG count includes over 1,000 RIG looking for gas. This after many months of high activity. So after many months of first lower than expected draws and then higher than expected builds it seems hard to deny what the analysts have just come out and said: "Duh there is a supply response afterall".

Many new plants are coming online this month. Most all plants will have finished maintenance in May getting ready for June - September peak loads.

Remember if the new plants are not meeting incremental demand, they will be displacing less efficient NG fired plants and/or #6 oil fired ones. They wont be knocking off coal or Nuke. Some of the new plants probably 33% more efficient than old steam units.

This week I understand many of the commodity traders are away. Monday will be the real test.