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: Roebear who wrote (61038)	2/28/2000 11:40:00 PM
From: jim_p	of 95453

Raymond James issued a report dated today titled "Summer Gas Demand Could Explode in 2000". The bottom line of the report is that NG demand in 1999 was artificially low, due to power plants switching to fuel oil as a result of low oil prices in 1999. The opposite is occurring in 2000, due to switching to NG from oil as a result of high oil prices. The result is expected to increase gas demand in 2000 not by the 3% most people are forecasting, but by their projected 10%. They predict substantially higher NG prices this summer, and gas shortages next winter. This would help explain the usually high gas draws from storage compared to last year with mild temperatures. This was the first article I read where someone is finally starting to understand what is transpiring in the oil and gas industry. Buy gas stocks now while they are still very cheep. Jim

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