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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

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Dec 24 4:00 PM EST

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To: Logain Ablar who wrote (40083)	8/20/2003 6:04:53 AM
From: Johnny Canuck	Read Replies (2) of 69210

Hi Tim, Thanks for the list of NG plays. I have read some conflicting articles. I can't seem to get a concensus on whether the absolute amount of gas available from the wells is actually increasing. I know I read an article that suggested demand is higher due to the switch over a few years back when gas prices were lower. As you suggested the switch back to alternative energy sources would be tough and time consuming, so if the supply side is constrained then the price will rise accordingly. I know the drill programs are up, but it is being suggested that the replacement wells are not even close to replacing the volume produced from the depleted wells.

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