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paul ....

I don't mean to be unduly alarmist but I think we must be mindful that when looking at "energy", there are major differences among the NorthAm NatGas, Oil, Oil Sevices, Pipelines, Refineries and even Uranium sectors.

The former relationship based on 'burner tip eqivalency' and price looks broken. We are remaining far from the old standard of 1 bbl WTI crude being equal to to 6 MBTU gas ... in fact the ratio continues to widen further.

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