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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: Rod Copeland who wrote (45)	12/22/1998 6:50:00 PM
From: Alan Brezin	Read Replies (1) \| Respond to of 350

Where does the Collin Campbell et al report published not too long back in Scientific American predicting serious shortages within 10 years fit into all of this? Was that report way off the mark?

To: Rod Copeland who wrote (45)	1/10/1999 9:16:00 PM
From: Ed Ajootian	Respond to of 350

Rod, Wondering whether the posted oil prices in Texas are tracking the recent small rise in the near-month Nymex futures price. Noesis published a long-term price prediction where they say API 34 oil would not go > $12 for another year & a half or so. By any chance do you know what quality oil the Nymex futures contract is based on? If similar, Noesis is already too low. Do you follow nat. gas prices at all? I believe I remember seeing something to the effect that gas has typically been priced at a rate of 10 mcf = 1 bbl. of oil. If it ever came back to this long-term equilibrium point it would get down to $1.30 an mcf! This would be devastating. Given the high levels of gas storage now, due to the warmer-than-normal winter, this is starting to bug me. Wondering if you or others have any thoughts about this. BTW, congrats on hanging in there with HEC. Things are looking pretty good right now. Wish I had the nerves to hang in there that long.