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

To: John Pitera who wrote (7372)	6/15/2006 3:14:05 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

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. It would certainly be about time. 20 year highs in oil inventory.. Iran reportedly having 20 million barrels of oil sitting in storage with no ready buyers.. Understand the last time oil inventories were this high, oil prices were sliced in half. I believe that was 1998. Get rid of these artificially high energy prices and there should be no reason for the Fed to hike interest rates more than they where they are now... Which is why I believe the Fed is trying to squeeze the commodities bubble, not the stock market this time around. Hawk