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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (589)	7/23/2001 5:51:51 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Monday July 23, 8:46 am Eastern Time BusinessWeek Online STREET WISE -- Time to Plug Into Energy Stocks? biz.yahoo.com By Heesun Wee Fund manager Catherine Zaharis of Invista Capital Management sums up energy companies' recent stock activity in a few breaths: ``Tumble, tumble, tumble.'' Only a few months ago, energy prices and stocks were soaring. Drivers were paying near $2 a gallon at the pump -- almost double what prices had been a year earlier. Natural-gas was at an all-time high of $10 per 1,000 cubic feet. In California, energy companies were fetching several thousand dollars for one megawatt of electric power, as opposed to under $100 now. Utility IPOs were red-hot. But energy and stock prices have been heading south almost as fast as they climbed. Natural-gas prices recently plummeted to around $3 per 1,000 cubic feet. Nationwide, retail gasoline prices are averaging around $1.50 a gallon. Add to that an ironic twist: Unseasonably cool weather has turned California's power dearth into a glut -- so much so that excess power being sold at a loss. Is the energy crisis over? Hardly, energy analysts and economists say. They argue the current dip in energy prices doesn't signal a fundamental long-term shift in the supply-demand equation. ``What we've done is temporarily solve the situation via softer demand,'' says Dan Pickering, an oil-service group analyst at Simmons & Company International. The current trend can be blamed largely on the relatively cool June weather and a troubled economy, which has restrained demand for power, especially in the industrial sector. Nearly one-third of natural-gas demand is driven by industrial users. ``On the supply side, there has been no material improvement....Volatility and higher-than-expected prices for natural gas and electricity are here to stay until adequate new supplies are installed and produced,'' says Christopher Ellinghaus, a power and natural-gas analyst at Williams Capital Group.

To: craig crawford who wrote (589)	7/23/2001 8:42:47 PM
From: Scripts	Read Replies (2) \| Respond to of 1643

Geez ///he got us into this mess with too much money and easy credit/// When did that happen?

To: craig crawford who wrote (589)	7/24/2001 5:50:17 AM
From: maceng2	Read Replies (2) \| Respond to of 1643

Craig, the real solution is to abolish the fed. why do we even have a fed? we got along just fine without one before 1913 My understanding is that isn't completely true. Although we (me included) like to bash the politicians and especially the bankers, there was a persistent problem of banks failing prior to 1913. Although there are many conceptual problems with the formation of the Fed.. money supply and political manipulation... the Fed has stopped the "run on the bank". So a central bank is needed, maybe it could be organized and funded a little differently.