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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (86516)2/7/2001 10:13:07 AM
From: TRUE_TRUTH   of 95453
 
I looked at that EEA report in depth and page 7 the basis for supply demand balance including production
and imports, storage, etc. no where shows 1 bcfd on line from new production between Christmas and
New Years as someone here posted it said--In fact if I look at the patterns on the far right for cumulative
balances they look almost identical to 2000 for 2001 year ahead. I did see one thing that doesn't stack up.
They are showing less power generation demand in early 2001 than for 2000. Don't believe that either,
not even with problems in California, too many new plants coming on line everywhere else.

In fact after I read the report I think it is no less supportive to the bulls case and seems to mirror
a lot of other things I have read. I do think their price correlations are off somewhere as they
don't show the production on their supply tables that would get gas to $4.00 range this summer.

Truth
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