9/08/2003

Natural gas and heating oil look bad. If you live in the East and use heating oil you might want to actually go long heating oil futures if you have a decent broker. The shortfall in stocks is staggering and if the winter is even normal your heating bills are going to explode. We are short 9.5 million barrels in inventory right now. Natural gas is better but we are still short half a trillion cubic feet. Without a mild winter we will have problems. Retail gasoline is still over two dollars in SoCal (includes 36 cents of tax). Unleaded gas is up big in the futures markets this AM (9/8).

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