saifl

Zman's Energy Week in Review

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.

The Oil Scam Driving Crude Over $80

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.