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

To: quehubo who wrote (40765)	3/24/2005 8:43:57 PM
From: Frank	Read Replies (2) \| Respond to of 206223

The land rig business is on fire. Both data and anecdotal evidence are telling us that virtually every available rig in NA is working or on its way to the next job. One can only imagine what dayrate increases are --heard of one case where the dayrate rose $2500 per day and the contractor required a two year commitment from the operator if he wanted to keep the rig. There are no functional rigs left and no crews to man them anyway. In addition , the well servicing rates are also steadily rising --NBR and KEG here. Looks like the several dozen rigs NBR and PTEN have sitting in the weeds will be refurbished as long as the operator who wants them pays through the nose and commits for a year or two --if they can find drug free crews. Then look at the RDC and HP news on dayrates and you wonder --place it all on black and walk away for a while? 1225 NG storage next week and then its run for the roses --or are you thinking summer 2005 will be cooler than last year -- that's a double zero bet --Frank

To: quehubo who wrote (40765)	3/24/2005 9:24:11 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 206223

I am not so sure power demand will continue to be strong. Flourescent lights in the bulb size have come down dramatically in price in the past year. I picked up a pack of 6 60W equivalent bulbs for $9 last month at Costco and they are now about that price at Home Depot. They are showing up in more and more houses. The difference is obvious as the light coming out the windows at night is white instead of a dingy yellow. Every one of those lights installed is a 75% reduction in lighting demand. It may seem a minor factor but could start putting a dramatic dent in nighttime power demand as they become more accepted.