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

To: quehubo who wrote (39162)	2/12/2005 12:04:22 PM
From: ihor43us	Read Replies (2) \| Respond to of 206223

I think that focus on the daily weather is like examining chicken entrails - pointless. There is always a fairly large variance around the mean. I look at the macro trends. We are drilling at record levels, but, unlike 2001 there is no surge in supply. NG production is down to level to slightly up depending on who you like to believe. With new well decline rates at ~50% in the first year and general decline at ~29% and rig utilization at ~ 95% the long term end point is a foregone conclusion. Sit back, fasten your seat belt and enjoy the ride. It will be a wild one. Way I see it anyway. Ihor