Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (51617)	9/22/1999 10:30:00 AM
From: Think4Yourself	Read Replies (1) of 95453

Natural Gas Popularity To Force Price Up, Predictions in Latest Issue of World Energy go2net.newsalert.com ... Chris Ross, senior director of Arthur D. Little's Global Energy Practice, believes that, to the extent that emissions rights are traded or a carbon tax is instituted in developed countries, "natural gas will start to enjoy a 'form premium' and will be valued higher than its BTu equivalency with higher carbon-content fuels." Thus, he predicts natural gas demand to increase the fastest among conventional fuels. Even more interesting is the question posed by Luke Corbett, chairman of Kerr-McGee, who predicts that over the next 10 years, 260 TCF of gas will be consumed in the U.S., which represents 100 TCF more than current proven reserves. "Can we really expect to deplete all existing U.S. proven reserves, plus find and produce an extra 100+TCF in the next 11 years, while keeping a lid on prices?" ...

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