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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Ronald J. Clark who wrote (81785)12/16/2000 11:04:57 AM
From: Tommaso  Read Replies (4) of 95453
 
I just recalculated the draw-downs to make sure I had not made a mistake.

Well, I had made a mistake.

I did not include draw-downs for the rest of December.

When you do that, the conclusion is that a year from now there will be no gas in storage at all. All that will be available is what comes down the pipelines. As I understand it, at the current time gas production is only increasing on the order of about 2% or less per year.

We are entering an energy crisis that is much worse than any so far and this will be increasingly obvious over the next few months.
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