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


To: Dennis Roth who wrote (40608)3/23/2005 12:35:11 PM
From: ihor43us  Read Replies (1) | Respond to of 206323
 
"But, oh yeah, I almost forgot. "THIS TIME ITS DIFFERENT!" "

And the reason its different is that production is flat while all the rigs have been maxed out drilling. In the past when we had this level of drilling, we got a surge in production that dropped the price.

This time no surge of nat gas, no wall of crude, just rising demand. So yes, it is different.

Ihor



To: Dennis Roth who wrote (40608)3/30/2005 10:40:51 AM
From: Dennis Roth  Read Replies (1) | Respond to of 206323
 
Crude inventories rose 5.4 million. Motor gasoline down by 2.9 million. Distillate inventories fell 1.1 million barrels.
Total commercial petroleum inventories moved up by 5.5 million barrels
last week, and remain in the upper half of the average range.
For the rest of the report see:
eia.doe.gov

The Spring Warmup still on tap:
cpc.ncep.noaa.gov

Robry825's latest Storage figures show an end to withdrawl season.
finance.messages.yahoo.com

But high inventories and an end to the freak late season cold snap don't mean a thing, because as I've been repeatedly told, ignore the fundamentals, ignore the technical indicators, "THIS TIME ITS DIFFERENT!" <ggg>



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