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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (98400)3/28/2008 10:56:32 AM
From: Sharp_End_Of_Drill   of 206244
 
Chancels, let me take a quick shot at your points then I've got to run - more later.

1) World demand is rising - especially with NG fired generation - this applies to all commodities for the entire history of civilized man, what's new here? Production is rising in lockstep.

2) LNG shipments to the US are dropping - remains to be seen, so far it has been rising. Spot argument may not work out if prices stay high, and most shipments are likely term rather than spot contracts.

3) Euro (North Sea) production is way down - For UK that is true, for Norway not so sure - may be rising as far as gas goes.

4) Canadian production is way down - some depletion, some drilling focus from gas to oil, and some gas consumption for the sandbox - lots of reserves and lots of idle rigs, easy fix.

5) Mexican production is down - Mexico is a net importer of US gas, small volumes so more or less irrelevant
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