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To: yard_man who wrote (225170)3/4/2003 10:10:35 AM
From: reaper  Read Replies (2) | Respond to of 436258
 
<<They were wrong two years ago and they are wrong now ... >>

OK, so two years ago they were wrong to think the price WAS sustainable (thus drilling more, and killing the price). and now they are wrong to think that the price is NOT sustainable? did we run out of NG in two years?

i'm not really sure why, but we seem to have developed a system for energy production / storage / financing in this country that is highly succeptible to large price swings / volatility. it remains unclear to me, however, that the SECULAR price trend (albeit with VERY large swings around this central tendency) has changed. of course, i reserve the right to be proven incorrect, as i often am.

Cheers