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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (297209)	7/29/2006 6:26:14 PM
From: tejek	Read Replies (1) \| Respond to of 1573857

It’s Not the Heat, It’s the Stupidity About 4 years ago, when I started investing in energy stocks, I began to check the weekly injection into storage of natural gas. I never knew this before but starting in April/May, natural gas drillers in the country start putting into storage nat. gas so we will have enough to heat our homes and businesses during the next winter. While the biggest contributions to storage are made during the 'shoulder months', April and June, Sept and Oct., there are contributions made every week during the summer. Last week, for the first time since I've been tracking this stuff, they had to drawn down nat. gas from storage in order to meet the needs of customers. I have never seen a negative drawn down during summer even during last year's hurricanes......usually negative draw downs only occur in the winter. Apparently, demand has been so great due to the heat wave gripping the country that drillers could not produce enough and still put some in storage........so nat. gas was taken out of storage. Consequently, nat. gas prices went from the mid $5 level to over $7 during the past week. There is no question things are out of whack. While we are not 100% sure its due to global warming, what does it benefit us to dawdle?