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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (46635)	6/18/1999 12:09:00 PM
From: Richard D	Read Replies (1) \| Respond to of 95453

Douglas, Natural gas is the future: clean, easy to maintain, domestic source, not vulnerable to OPEC's whims. I switched from oil to natural gas this February to avoid the environmental risk of my underground tank, hassle's with monitoring the tank levels (previous owner let it run dry and froze/burst the radiant pipes in the living room), and the regular maintenance that oil burners require. The installer, who did oil and gas burners, said that many people rarely service the gas burner it's so clean. Natural gas was a little higher cost this winter, but oil has bumped up 50-70% since then. A lot of people are switching for the same reasons when they have access to a mainline. We have a ton of new developments in our county, and they're all aiming to get natural gas if at all possible. With natural gas deregulation coming (here in Pennsylvania), this bias may accelerate. This is a long term trend IMHO. PTEN looks to cash in on Natural Gas drilling, higher oil prices, and it's domestic situation not being hamstrung by OPEC cutbacks. It was road kill until this Spring, but now it's in the sweet spot with a stock performance better than most, recently. Regards, Richard

To: Douglas V. Fant who wrote (46635)	6/18/1999 12:13:00 PM
From: ChanceIs	Read Replies (1) \| Respond to of 95453

Doug V. Fant - Thank you. FWIW, several years ago my company had a deal going (in Seattle I think) to help organize local industries to run their emergency power generators to supply peak power. The city in question had hydro power available but the main transmission from the dam to the city was saturated. The local industries already had sunk their capital costs, and this simply allowed them to get some payback. I have no idea if the local emergency plants were gas turbines or not. It is an interesting concept. Separately I read a month ago that Pennsylvania was moving towards deregulation which would enhance NG usage. I forget the details.

To: Douglas V. Fant who wrote (46635)	6/18/1999 12:37:00 PM
From: XOsDaWAY2GO	Read Replies (2) \| Respond to of 95453

>>>The point being that there will be a growing number of what I call "off the books" Mw generators popping up here and there in North America moving forward- another source of natural gas demand.... <<< Think generator manufacturing companies would be a good avenue in which to invest? If so, which companies? TIA

To: Douglas V. Fant who wrote (46635)	6/18/1999 12:48:00 PM
From: William JH	Read Replies (2) \| Respond to of 95453

I recently saw a demo of Detroit Diesel Company's bus and truck NatGas engine at the Orange County Transportation District. I asked the man running the demo why this engine would succeed where the Cummins engine only sold 4,000 units in 3 years and was discontinued. . He said that this "clean engine" was the first natural gas engine designed from it's inception to run on either CNG or LNG, whereas the Cummins engine was a conversion. OCTA alone has +/- 800 busses. There must be hundreds of thousands in the entire country. What a plus this would be for gas if it succeeds