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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who started this subject2/26/2004 9:02:06 AM
From: Seeker of Truth  Read Replies (2) of 74559
 
March 1, 2004 issue of Forbes, says that there are 5,500 trillion cubic feet(strange measure!) of natural gas available in various richly supplied regions outside of the US. It also states that "some" of that can be exported to the US. By 2008, it estimates, some 2.2 trillion cubic feet will be imported by the US and this will be 8.5% of the US usage of natural gas at that time.
If these figures are true then there will be no shortage of natural gas for the foreseeable future. Somehow, I doubt this and wonder if anybody knowledgeable out there can comment about the above statements. I want to add that I don't respect Forbes, am perfectly willing to believe that they are talking nonsense,was forced to read the thing by the unavailability of anything else on the jet plane to Tokyo. Nonetheless objectivity is our valuable top secret asset, so we have to deal with such a claim.
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