hey einstein still shorting NG? Went through all your arguments...and saw lots of data and lots of graphs and lots of worthless pieces of information on NG. That said your analysis on individual companies make a lot more sense.
Phil Flynn is too dumb to get that. Dont bother wasting your time with his stupid outlook on oil. YEah there is no demand for oil at this level, apparently all the reporters walked to work this morning.
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Wont be adding any puts on NG? Oh that is bad. What happened to all those awesome demand and supply graphs Zman? Supply up so much? Really...did you figure out demand? Uh? Demand is sucking away LNG and electrical generating capacity is up. Coal is more expensive than NG is some parts while little ZMAN is stuck on stupid charts. I remember the same BS when you were justifying oil should go lower. Wasnt that $50 ago?
Is it all weather? If supply averaged 2 BCF/day more in whole of 2007 then that is about 700BCF, how come we are at so levels of storage. I think you are missing the demand picture completely. Ethanol distilleries continue to expand, New power generation is mostly NG and coal is now more expensive than NG. In the first week of february Raymond james predicted we would have 4 TCF plus of storage in october. Ha. They look like jackasses now.
Fundamentals Suggest Oil's Headed Much Higher [View article]
What in the world is wrong with people? Jet are you smoking pot? Nanosolar will reach $1/watt in 2010. Assuming a doubling every 2 years it will not make a dent till 2020 in electricity demand. Oil shale is a joke. Oil prices are 3X higher than the $30 you mentioned and still oil shale has not produced a single barrel. Go back and check petrocanada's press release about Oil sands new projects being uneconomical at less than $85! Plus the oil exporting conutries have no incentive to use your Nanosolar. A single new smelter in SA will consume 55,000 barrels of oil per day. Do you know how much that is? That uses more energy than all installed solar capacity in the world.
The Oil Scam Driving Crude Over $80 [View article]
There are many varieties of oil that trade only on the spot market. There are no futures contracts and there are no speculators. And quite often they move differently than LSC on Nymex and have no fixed differential to LSC on NYMEX. ALL of those are up. here, www.upstreamonline.com...
As far as the rest of his comments..well there are a log higher speculators in the stock market than in the commodities market, I guess DOW jones should be at 1000 by the same logic. And BTW the #%#% dodo should see what happened last friday with the Commitment of traders report before shooting is retarded mouth off. Speculators increased their net short poistions by 10,000 contracts as crude rose from 74 to 78.
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Went through all your arguments...and saw lots of data and lots of graphs and lots of worthless pieces of information on NG.
That said your analysis on individual companies make a lot more sense.
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I think you are missing the demand picture completely. Ethanol distilleries continue to expand, New power generation is mostly NG and coal is now more expensive than NG.
In the first week of february Raymond james predicted we would have 4 TCF plus of storage in october. Ha. They look like jackasses now.
Fundamentals Suggest Oil's Headed Much Higher [View article]
Go back and check petrocanada's press release about Oil sands new projects being uneconomical at less than $85!
Plus the oil exporting conutries have no incentive to use your Nanosolar.
A single new smelter in SA will consume 55,000 barrels of oil per day. Do you know how much that is? That uses more energy than all installed solar capacity in the world.
The Oil Scam Driving Crude Over $80 [View article]
here,
www.upstreamonline.com...
As far as the rest of his comments..well there are a log higher speculators in the stock market than in the commodities market, I guess DOW jones should be at 1000 by the same logic.
And BTW the #%#% dodo should see what happened last friday with the Commitment of traders report before shooting is retarded mouth off. Speculators increased their net short poistions by 10,000 contracts as crude rose from 74 to 78.