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: kodiak_bull who wrote (81332)	12/11/2000 4:24:33 PM
From: energyplay	Read Replies (1) of 95453

Natural Gas storage to be exhausted ? There's an article by Michael J. Economides - who wrote The Color of Oil, and was predicting $7-8 NG months ago. It's some where on the Street.com, I'll try to post a link later. Key paragraph - " The problem is not the price; the problem is supply, and the potential for shortage. We estimate that by the end of the withdrawal season this winter the U.S. will have a negative balance of 300 billion cubic feet of natural gas: In other words, we will have depleted all stored gas. Trading at the NYMEX at that time would be halted and price would be moot. "

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