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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (33053)5/5/2003 7:01:03 PM
From: Maurice Winn  Respond to of 74559
 
<ever notice how most people aren't interested in learning about the wonderful world ?>

EP, being one to try to learn about the wonderful world, I conclude that the reason most people appear uninterested in learning about the wonderful world is that our total brain capacity is sufficient to learn about 0.000000000001% of what's going on and by the time we learn that, it's already irrelevant, having disappeared into the past. Then, unfortunately, we die. Which destroys all knowledge we acquired.

Each person learns enough about their own microscopic piece of the wonderful world to stay alive, with some luck and only for a while. Any extra stuff comes into the category of information overload and is ditched - being left for somebody else to learn about. Which makes us look uninterested.

So I don't think it's that we are uninterested. It's just that we can't learn much. Other than an ephemeral, infinitesimal microscopic piece of the big fractalized jigsaw puzzle. Some of us can do a bit more than others and have more luck than others, so on a scale of 0 to infinity, we might achieve a rating of 42.1 whereas other humans, [the dummies - snigger], might achieve only 41.9. Chimps come in with a range of 38 to 39. Cats at 30. Frogs at about 6. Sars at about 3. Really stupid viruses at 1.

We can cheat and use cyberspace as an adjunct to our brains which gives us a symbiotic score of about 50 and that number is rapidly rising as It powers up. It should go cruising through 500 by 2010 and 1000 by 2020, but there'll be a large pause at It gazes out into the cosmos and thinks "Oh hell. Now what do I do?"

But It'll be up to the challenge and like ancient mariners, will set off where nobody has gone before, or perhaps, to where somebody has always been!! Of course, It won't actually ship the hardware offshore, It'll just send microwaves, gamma rays, neutrinos or something to figure out wassup in the big picture.

We'll stay here, drink wine, chase girls, play golf - skills for which we have at least some talent with our pitiable little brains.

Mqurice

PS: Girls might not chase girls or play golf. They'll play house, gossip and buy clothes.

They'll also try to find a decent bloke, which is a species akin to Weapons of Mass Destruction. Much talked about, promised, but like the Yeti, BigFoot and Abominable Snowman rarely seen.

He is tall, dark, handsome, intelligent, kind, rich, fun, purposeful, socially integrated, charming, generous, loving, strong, brave, virile, loves children, and will defend freedom, justice, the little woman and her children with his life.

He doesn't fart in bed, scratch his anatomy, hog the remote, drink beer and look at gross pictures. Neither is he fat, lazy, smoking or otherwise dissolute. There are swarms of them, chasing girls who don't want to be caught.

No wonder the numbers of humans is due to drop heavily over the next 100 years.



To: energyplay who wrote (33053)5/5/2003 8:06:34 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
EP, <<Bought>> ... I did Message 18915962 , and now am somewhat calmer, will spend time to dig into the matter some more and wait a few weeks.

My royalty trust allocation is immediately behind my (17.4% of equity) 3.1% of gross asset allocation to gold shares. I have additionally 12.3% of GA in physical and paper gold.
Chugs, Jay



To: energyplay who wrote (33053)5/5/2003 8:24:51 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
EP, Now I get to appreciate such news; never paid much attention to such before ;0) Sounds like I am still underweight on NG:0)

biz.yahoo.com

Reuters
US nuclear power snags may drain oil/natgas supply
Monday May 5, 6:17 pm ET

NEW YORK, May 5 (Reuters) - Extended summer shutdowns at U.S. nuclear power plants threaten to push up oil and natural gas prices this summer by straining already tight fossil fuel supplies, analysts said on Monday.

News of degraded reactor vessel heads at two more U.S. nuclear units fueled concern that the problem could sideline several of the nation's 103 nuclear power plants, which generate about 10 percent of the nation's electricity.

Natural gas futures on the New York Mercantile Exchange rose 8 percent on Monday after news that large nuclear power units in Florida and South Carolina were found with reactor vessel head problems.

The June natural gas contract (NGM3) on Monday finished up 43.4 cents at $5.689 per million British thermal units (mmBtu).

"The nuclear plants being out helped push natural gas up because of worries that if natgas use has to make up for a large number of nuclear snags, then natgas injections (into underground storage) for winter will suffer," said Mike Fitzpatrick, analyst for Fimat USA.

The two Southeast reactors are expected to return from their scheduled outages, the U.S. Nuclear Regulatory Commission told Reuters on Monday.

Oil prices rose too, as the higher natural gas prices threatened to force utility users to switch to oil for burning.

June crude on the New York Mercantile Exchange (CLM3) settled up 82 cents at $26.49 a barrel, nearly $1.50 above last week's five-month low.

"It's definitely helping to support crude," said Kyle Cooper, oil and natural gas analyst with Citigroup. "Clearly those nuclear issues remain price-supportive for fossil fuels."

Industry inspectors have been aware of cracking around some reactor vessel head nozzles several years ago, but the problem took on added urgency in 2002 when FirstEnergy Corp. (NYSE:FE - News) found that its Davis-Besse reactor in Ohio had a leak that went through the vessel head, eating a hole through six-inch metal.

Another large nuclear unit in Texas, owned by Texas Genco Holdings Inc. (NYSE:TGN - News), may also be closed until late summer, months past its original return date, the company said last month.

Nuclear capacity was 4 percent below where it was a year ago, Cooper said.

The U.S. Energy Information Administration storage data released last Thursday showed U.S. gas storage stood at 54 percent below last year and 43 percent below the five-year average.

The loss of 1,000 megawatts of electrical generation requires roughly 200 million cubic feet a day of natural gas to replace it, according to Cooper.

For some locations the replacement power would come from oil-fired generators burning distillate fuel or residual fuel oil.

Increased demand for distillate fuel could prevent the U.S. from replenishing depleted inventories of heating fuel for next winter.

After one of the coldest winters in recent years, the EIA said in a recent report that U.S. heating fuel inventories, including heating oil (high-sulfur distillate fuel) and propane, "plunged to near historical low levels at the end of March".

Preliminary March data show heating oil inventories ended the 2002-03 heating season at an estimated 36.6 million barrels, a near-record low for March, while at the same time inventories of propane fell to an estimated 19.5 million barrels, the lowest March level in more than 30 years.