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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Ed Ajootian who wrote (81752)12/16/2000 3:30:36 PM
From: rajaggs  Read Replies (1) of 95453
 
Ed,

>> As of the latest AGA report, if we get a cumulative draw for the rest of the winter equal to what it was from this
point on last winter, storage will be down to 420 BCF at the end!<<

There is not a snowball's chance in hell, of North America getting another winter as mild as last winter, which was THE mildest on record.
When gas storage in system falls below 500bcf, the problems with distribution begin due to low operating pressures in areas furthest from sources of pressure.

This is going to be an interesting and perhaps frightening, winter, which hopefully will allow a narrow escape that will serve as serious lesson of the precarious position of NA, on the energy front.

The demand side of the energy equation must be addressed and very soon, if we are not to suffer breakdowns in supply, recessionary phases and skyrocketing costs for our energy, the supply of which cannot be taken for granted any longer.

'jaggs
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