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: BigBull who wrote (57378)	12/25/1999 7:58:00 PM
From: Douglas V. Fant	Read Replies (3) of 95453

BigBull, Heh-heh and don't forget natural gas....IMO the deliverability is not there in North America. Top that off with all of the new NG- fired electrical generators being built. One little proof of the shortage comes from the power supply/generation contracts which I handle with the utilities and purchasers or resellers of power. Pretty consistently now utilities and brokers, resellers are looking for a rider on power contracts that we call the "teeger" rider, which stands for "trading electricity for gas". That is smart utilities are tying up future natural gas supplies simultaneously while providing power to run gas and oil fields... This was not a common rider on a power supply contract just 18 months ago, but now very common.... I'll be out in Phoenix next week and one of my best buddies works for Arizona Public Service. I'm going to hit him up on the utilities' opinon on NG issues, if I catch him, then write it up here after the New Year's... And BTW that Mick relation was named William Fant, an attorney from a little town called Fantstown around 1660, just east of Limerick.....He founded a group in 1660 that was originally know as the "Whiteboys" in the Limerick area... ever heard of them?....

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