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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: aerosappy who wrote (23626)	6/10/2003 10:02:57 PM
From: quehubo	Respond to of 206110

Aero - I dont agree that there is much evidence of fuel switching yet. I am personally aware of some switching to #2. But the EIA data does not show much of an indication. So maybe there is some accelerated production, maybe some destroyed demand wont be back. The cause and effect he comments( lower prices = lower rig counts = lower production = higher prices) mean you lost your ass because until proven otherwise the institutions will be exiting in mass at the first sign of this occurring. Who is going to wait for a recovery in the cycle? For example NBR may drop from $60 to $45, but as a quick recovery plays out, but who wants to stay long the whole time never knowing where the bottom will be? I dont know about $6 - $6.50 anymore. It seems we are gaining on storage at today's prices and at $5 we are short of injections.