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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (103340)6/20/2008 8:30:07 AM
From: GVTucker   of 206181
 
It all goes back to LNG.

Production is up, and demand is down. So why is storage so much lower than last year? Because LNG imports have dropped sharply. Prices are just not high enough here.

Of course, that can be a double-edged sword. If Euro and Asian demand drop a bit and gas prices follow, LNG imports here could surge back to 2007 levels and even go much higher.
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