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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (1223)	9/8/2001 12:22:58 AM
From: Cogito Ergo Sum	Respond to of 36161

hi frank, the Americans will continue to use NG as a base-line power-generation source That is the trend we haven't yet seen or at least not fully seen the impact of with respect to the new gas fired plants coming on line n'est-ce pas ? There is also the issue of OPEC maintaining high crude prices; fuel switching will not be a factor this winter. But oil was pretty high last year. Isn't the fuel switching more a factor of the NG price and not the oil price (at least last year). Of course the new gas fired plants muddy the issue. I repeat, I'm speculating – As am I, but my LT bullish attitude is there in my gut. Unless the economy does the financial collapse thing (and maybe even then) energy will be a good buy soon, with shoulder season and full NG storage. If the SPR is replenished though that may screw up the timing. I'm already positioned not bad for the collapse scenario and want to be better covered for the slow grind also. In a slow grind energy will outperform I think. My thinking there is actually to your thoughts re Asian Contagion. We just won't be driving all the same vehicles is all. regards Kastel a cute and cuddly Canadian