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

To: kormac who wrote (24211)	6/29/2003 11:04:40 PM
From: jim_p	Read Replies (1) \| Respond to of 206093

"The world is not running out of fuel, Groppe said, but a long-term price rise is probably unavoidable. "Early in my career, I bought 5-cent (natural) gas ... we ran out of 5-cent gas. Some years later, we ran out of 15-cent gas, and we ran out of 25-cent gas. Basically what we've done now is we've run out of $2 and $2.50 gas, and we're going to be moving up to the next level." Very well stated. Henry is one of the very best at forecasting oil and gas trends. He was the only one to predict the collapse of oil prices in the late 70's when the rest of the world was predicting oil at $100 Bbl. I agree with his moving up to the next level on NG prices, but cycles will always persist at whatever the next level may be. JMHO, Jim