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

To: isopatch who wrote (92670)	7/22/2001 5:58:15 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

infrastructure, infrastructure and more infrastructure Iso, you beat me to the punch big fella, excellent series of posts. As you know, I don’t believe in a “coming shortage of oil and gas,” we’ve all been waiting for this -- at least 30 damned years! Remarks by Chairman Alan Greenspan Impact of energy on the economy Before the Economic Club of Chicago, Chicago, Illinois June 28, 2001 In what may or may not be coincidence, at least the last three recession periods in the United States--those of 1990-91, 1980-82, and 1974-75--were preceded by spikes in the price of oil. federalreserve.gov Were these recessions created by a lack of oil at the source or was it a lack of infrastructure? IMHO: The problem has and we’ll continue to be at the transportation level. When the economy is clipping along at 4%, can our present infrastructure keep up? Utilisation rates for pipeline systems run at the maximum, leaving at lot of oil & gas shut in at the source. I’ve attached some charts from some Canadian pipeline companies, for which some unknown reason <lol> have been left untouched by the bear. Take a close look at the dividend yield, I'm thinking if someone were to buy and hold stocks in the cyclical energy sector these would be the ones. bigcharts.com bigcharts.com bigcharts.com Regards Frank P.