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

To: CommanderCricket who wrote (51360)	10/13/2005 10:55:08 AM
From: CommanderCricket	Respond to of 206191

From the CWEI thread EIA Defines 'Demand' by: ppaulson1944 10/12/05 04:20 pm Msg: 129952 of 130249 There has been so much anguish, my own included, about the definition of 'demand' as used by the EIA, that I requested a definition of that term from them. They replied (more promptly than I had expected) with the following... In general, "product supplied" (for refined petroleum products) and retail sales are our proxy for consumption/demand. For gasoline, at: hxxp://tonto.eia.doe.gov/dnav/pet/pet_cons_top.asp see the links for: U.S. Weekly Product Supplied and Product Supplied where: Product Supplied approximately represents consumption of petroleum products because it measures the disappearance of these products from primary sources, i.e., refineries, natural gas processing plants, blending plants, pipelines, and bulk terminals. In general, product supplied of each product in any given period is computed as follows: field production, plus refinery production, plus imports, plus unaccounted for crude oil, (plus net receipts when calculated on a PAD District basis), minus stock change, minus crude oil losses, minus refinery inputs, minus exports. and Prime Supplier Sales Volumes where Prime Supplier is a firm that produces, imports, or transports selected petroleum products across State boundaries and local marketing areas, and sells the product to local distributors, local retailers, or end users. For Natural Gas go to: hxxp://tonto.eia.doe.gov/dnav/ng/ng_cons_top.asp __________________________________ So, as we surmised...demand essentially equals supply, not so complicated, but not intuitively obvious.

To: CommanderCricket who wrote (51360)	10/13/2005 11:04:52 AM
From: Keith J	Respond to of 206191

Noticed a pretty significant drop in jet fuel supplied this past week, but a huge jump in propane/propylene supplied this past week, FWIW. KJ

To: CommanderCricket who wrote (51360)	10/13/2005 11:16:56 AM
From: whitepine	Read Replies (1) \| Respond to of 206191

CC, What multiple for CHK, STR or UPL do you think is the base, root value? As we have witnessed today, the price of NG has barely moved, but the price of NG-related stocks has declined significantly. I have no concern with NG prices if the price of equities declines. Thus, the minimum PE ratio for energy stocks is the key indicator for assessing relative risk. Price actions today also suggest to me that all the discussion about metrics of production, NG prices, shut-in volumes, etc., are not that important. Institutional selling and institutional perceptions are THE factors that affect our returns. Our collective focus will remain very fuzzy until we gain a more clear insight to the motivations of institutional trading. wp