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

To: Ditchdigger who wrote (57286)	12/23/1999 2:21:00 PM
From: Douglas V. Fant	Respond to of 95453

Ditchdigger. Last summer in posted a note, stating that average daily gas usage in North America is 55 bcf/day, rising to 110bcf/day on "hard pull" days like right now in th winter. I do not believe that current North American Natural gas production/drilling rates can keep storage filled if we get a sustained long hard pull on stored gas supplies. I predicted $4.50-$5.00 NG prices this winter. I may be off on that prediction- but the demand is clearly there moving forward.