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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: mistermj who wrote (207039)10/26/2006 7:11:30 PM
From: Keith Feral  Respond to of 281500
 
There is a difference between the money train and profitability. I'm simply suggesting that the money train screeches to a halt when the price of goods sold does not generate acceptable returns. With all the exhuberant competition in the energy sector, there have been too many companies producing excess invenories of natural gas, coal, crude oil, etc... Natural gas companies seem to lack any financial discipline. Coal companies appear to be scaling back new production for next year. Opec has been way too accomodating this year as excess crude inventories have ruined refining margins in the US, Asia, and elsewhere.