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

To: Second_Titan who wrote (9409)	10/12/2001 7:39:04 AM
From: aerosappy	Respond to of 23153

Bush Urges Congress to Pass Energy Bill 199.97.97.163 WASHINGTON, Oct 11, 2001 (United Press International via COMTEX) -- President Bush urged the Senate Thursday to pass his energy bill so the nation would not be dependent on foreign oil as it wages a global fight against terrorism in the wake of the Sept. 11 terrorist attacks in Washington and New York. "Move a bill that will help Americans find work and also make it easier for all of us around this table to protect the security of the country," Bush said after a meeting with his Cabinet secretaries. The energy bill is one of several domestic agenda items that have languished before Congress as it and the White House spent the last 30 days dealing with the aftermath of the Sept. 11 terror attacks on Washington and New York. The House version of the energy policy calls for the United States to construct up to 38,000 miles of natural gas pipelines and build more nuclear power plants. It excluded the provision that would have allowed oil drilling in the Arctic National Wildlife Refuge. Bush also said he wanted an economic stimulus package that would include tax cuts that could have a short-term positive effect on the economy. Congress and the White House have been struggling to forge a stimulus package that would jumpstart the stalled economy.

To: Second_Titan who wrote (9409)	10/12/2001 8:24:34 AM
From: jim_p	Read Replies (1) \| Respond to of 23153

Que, The market is looking forward to a balanced supply of NG by spring, and oil prices to further decline. OSX bottom yet? Spot/cash NG prices should be soft for several months to come. Oil should fall below 18-20.00 sometime in the next 3-6 months. Perception is for an ending NG down cycle and new up cycle to begin in 6 months, and an uncertain oil cycle. Since the market looks out 6-9 months, hard to predict the OSX with spot prices for NG low and uncertain oil prices going into tax selling and the October witching? Any predictions? 58 the low, or down to Doctor Doom's "KB" 45? Jim