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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (7370)	6/14/2006 11:40:05 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Jon, Crude prices are going down from here. There is a big disconnect between the price of Natural Gas selling at $6 and change versus Crude at 70. Crude should be selling at more like 60 to 55 to be in line with Natural Gas prices and the equilibrium between the different hydrocarbons and the energy production which can be switched between them. Also with the huge sell off and slow down in India, and many other third world countries; this is creating a diminishing demand for energy on a net Global Basis over the next 6 and 12 months. I'm in philosophical alignment with Morgan's Andy Xie who is based in Hong Kong and has the most astute eye for what's happening on the PacRim. and we must give our thanks to Stephen Roach, God Bless him who gave us the all's safe to get back into the pool SIGNAL back in April. He's a very sharp guy but a true economist when he finally came to the table and told us that global economic growth is unencumbered. Much as he did in the first half of 1998, just as The LTCM, Russian sovereign debt collapse and the PacRim contraction were all coming into Full Bloom John