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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Ronald J. Clark who wrote (81575)12/13/2000 3:21:01 PM
From: Tommaso  Read Replies (1) of 95453
 
To answer partially some questions I raised earlier, if gas draw-down for the rest of the winter is only equal to last year, there will be only 40%, or about 400 billion cf, in storage as the spring comes on, of what was there at the beginning of last summer.

If there is much additional electrical generation using gas over the summer, we might easily enter the winter without enough gas to last until the spring of 2002.

I don't know if a Bush-led government would try to do any rationing or even jawboning to conserve gas. One good thing is that it cannot be very easily blamed on the Saudis, so something positive might be done.

Anyone care to work out any more of the implications?
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