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southacresdave

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southacresdave

Re: None

Thursday, 02/22/2007 10:38:42 AM

Thursday, February 22, 2007 10:38:42 AM

Post# of 173812
Oil/Gas inventory #'s...The stronger than expected drawdown in gasoline will help keep oil around $60 for awhile. The expected drawdown of 223Bcf in NG puts up only 182Bcf above 5 year average. Still has a way to go, but much better than last year. Should give support to the price.

Overall, there has been some slowdown in drilling in the U.S. The numbers are solidifying enough in oil and NG that I don't see the environment getting worse.

Dave
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