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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: 200ma who wrote (102213)5/16/2001 12:55:41 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i fully agree with the sentiments expressed in the article...NG's fundamental supply/demand dynamics have undergone a secular change. all that new generation capacity that is now being built in reaction to the Cali electricity crisis is going to push the ability to supply NG in sufficient quantities to the very limit. imo we'll eventually see prices that will astound even the bulls.

the only caveat is the possibility of an all-out economic collapse, which would dent demand sufficiently. it seems likely though that economic activity won't just fall off a cliff, due to the authorities fighting such an outcome tooth and nail.
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