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: Tommaso who wrote (76549)	10/17/2000 5:33:07 PM
From: Sharp_End_Of_Drill	Read Replies (1) of 95453

Tommasco, I've seen the same stuff about the internet driving electricity consumption. Some of that I believe, if you talk about the service providers who have set up shops with banks of servers, routers, etc. all of which run 24 hours a day and need a lot of aircon to keep cool. But, I suspect the housing boom has much more to do with it. Where I live people are throwing up 3,000 to 5,000 sq. foot huge houses like they are going out of style - it's all over the city. Every one of these new houses has central air & heat which are the big consumers of power, especially cooling down here. Simmons estimates what I consider a conservative 3% growth in electrical demand per year, almost all of which will be gas fired. That demand growth, coupled with depletion and the ever shrinking size of new fields is a big prop under the gas price. I wouldn't be surprised to see $4.00, but I think the days of $2.50 are gone unless we get a drilling explosion like the late 70's early 80's. Sharp

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