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Gold/Mining/Energy : BSNX---Basin Exploration

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To: steve kennedy who wrote (12)	5/12/2000 7:22:00 PM
From: The Barracuda™	Read Replies (1) of 30

It's official-- Natural Gas stocks are internet stocks. From Bloomberg Energy Electricity generation is the fastest-growing use for natural gas. More than 1,200 new power plants must be built in the U.S. by 2020 to meet demand, the Department of Energy predicts. Almost all will burn gas, which pollutes less than coal, and the fuel's share of the nation's power market is expected to double to 20 percent within a decade. The power will be needed in part because of the spread of computers. Calpine Corp., a power-plant developer with gas-fired projects in 20 states, forecast computers will consume half of the nation's power by 2009, up from 13 percent today. Computer makers sold 45.2 million machines in the U.S. last year, according to market researcher IDC. In Houston, which has a population of 1.8 million, Internet surfers use enough power to require 3 million cubic feet of gas a day, the Texas Railroad Commission said. That's 7 percent of Swift's daily production.

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