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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tommaso who wrote (81902)12/16/2000 11:58:32 AM
From: Second_Titan  Read Replies (2) of 95453
 
I suspect you are correct and we will see close to zero in storage by the end of the season. this could get very very ugly. For example storage in the NE is used because of transmission limitations from the sources in the GOM. This peak shaving cannot be replaced by more production availability in the GOM when demand is high and transmission is peaked.

I imagine once the level gets low enough local utilities may have to curtail industries for extended periods just to ensure there is enough gas in storage to ride out the peak demands. When it is very very cold out in the NE residential / commercial building demand is very high.

So I would expect once disaster is viewed on the horizon gas may be curtailed for extended periods and for those who can burn #2 oil they will be draining the system big time.
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