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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (2422)6/28/2003 2:17:52 PM
From: JoeinIowa  Respond to of 23958
 
Ken,

You can watch the power usage and predict when the brown outs are going to happen. LOL.

currentenergy.lbl.gov

Next weeks NG injection numbers will be lower but still well ahead of last year. Basically everyone is pumping like crazy at the current price.

Joe



To: Ken W who wrote (2422)6/28/2003 7:05:37 PM
From: Sergio H  Respond to of 23958
 
Ken and Joe, natural gas and energy stocks should regain momentum next week. According to BizWeek, stocks in this sector are up on avg. 25% YTD. Momemtum and window washing at the end of the quarter go hand in hand.

Not suprisingly, late last week our President turned his attention momentarily to the natural gas issue:

"Bush-backed energy legislation has passed the House and a similar bill is progressing through the Senate. The House bill includes $18 billion in tax breaks aimed at spurring oil and gas production and would allow companies to avoid federal royalty payments on natural gas taken from very deep wells."

search.morningstar.com;

To summarize, Bush's energy plan relative to the natural gas squeeze is to meet the lack of supply with a decrease in demand. Making sense of this approach is going to be difficult. The pending legislation also includes linking Alaska's natural gas pipelines to the continental U.S. and to allow burning coal to produce natural gas; two contraversial topics.