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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Howarth who wrote (840)	7/31/1998 1:57:00 PM
From: lofalutin	Read Replies (1) \| Respond to of 2282

Bob-- You wrote: "... This summer has been a screamer with utilites running flat out yet natural gas prices have caved in. How come? Could a cold winter not have an effect on oil either?" Anything is possible. I've often wondered why the exceptionally hot summer has not done for energy prices what severe winters have done in the past. I suppose the extent of any La Nina effect on energy prices would depend on how much overall energy use increases because of the (presumed) greater cold, how large an area is affected, etc. There are so many other variables -- the Asian economies' use of energy, the politics of the Persian Gulf, etc. -- that drive the price of oil, you can only act on your best hunches about future trends. I think hanging around some of these energy equities will be worth the wait in the not-so-long run. Good luck.