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

To: quehubo who wrote (99872)	4/27/2008 10:28:06 AM
From: Webster Groves	Read Replies (1) \| Respond to of 206131

<My guess is that electric prices are going to go ballistic this Summer and Al Gore will be tar and feathered when the August electric bills arrive> What's the connection - is he speculating on energy like most of us here ? wg

To: quehubo who wrote (99872)	4/27/2008 12:50:50 PM
From: ChanceIs	Read Replies (2) \| Respond to of 206131

>>>electric prices are going to go ballistic this Summer and Al Gore will be tar and feathered when the August electric bills arrive.<<< Que, The utilities equities have had a nice run already. Do you think they will continue?? I think some of it was due to timid folks taking defensive positions, and some due to knock on crude, NG, and coal prices. As for Al Gore??? He won't get tar and feathered, but that Nobel might get taken back. Kind of like Pete Rose and the baseball Hall of Fame but phase shifted slightly. Tell me. What is peaceful about rice shortages and food riots??

To: quehubo who wrote (99872)	4/28/2008 12:00:43 AM
From: Salt'n'Peppa	Respond to of 206131

"The present situation is totally new territory IMO as I don't know where the ng is being consumed. What are the price sensitivities now? In the years past it appeared to me $8-10 did a lot of demand destruction, not through fuel switching." quehubo, I don't think anything is out of line with the current NG price at $11/mcf. The NG price is right where it should be. That is not to say it will stay at this level. $8-10 may have worked to kerb demand in past years, but now NG has $120 oil to contend with, which is also in uncharted territory. The crude/NG ratio is currently 11:1 which is in line with the ratio of the past few years. It used to be 6:1 pre-Y2K which is the number still used by most, if not all, oil companies when calculating their metrics. Cheers, S&P