tag:blogger.com,1999:blog-2335748440449035592.post1510577389548096253..comments2008-09-03T15:18:09.737-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-57395239759385627742008-09-03T15:18:00.000-04:002008-09-03T15:18:00.000-04:00Hi Stone,<BR/><BR/>I believe we are in a regional recession - the areas where multinationals cannot outsource industry are doing well (export economy) i.e. natural resources. This means Oklahoma (nat gas/oil) Wyoming (coal), parts of TX, agricultural heartland (Iowa/Nebraska) are just fine thank you<BR/><BR/>The areas of the country which rely on financial activities, credit, consumption, service economy, old line manufacturing, house building, etc are struggling.<BR/><BR/>We have a huge country - just like real estate is regional so do I think this version of recession is<BR/><BR/>as for prices, the Northeast still uses home heating oil. Also even with nat gas you don't buy spot prices at the last moment - utilities need some visibility and lock in prices along the way. So they paid in part some of those sky high prices.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-92140491029498508882008-09-03T11:28:00.000-04:002008-09-03T11:28:00.000-04:00But prices are falling sharply. Aren't hesting prices now down to the levels of last yr? Did these companies lock in at higher prices instead of current rates? Natgas is as cheap as its been in the last few years. Guess companies like CHK are making the money by locking in sells prices at the higher levels. <BR/><BR/>Maybe b/c I live in Oklahoma where we didn't have a housing bubble, but i don't see anybody struggling.Stonefoxcapitalhttp://www.blogger.com/profile/00583540825602471042noreply@blogger.com