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To: Think4Yourself who wrote (74393)	9/23/2000 9:56:18 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Saudi Ambassador Reacts to the Use of the SPR WASHINGTON, Sept. 23 /PRNewswire/ -- HRH Prince Bandar bin Sultan, when asked about the U.S. decision to release oil from the Strategic Petroleum Reserve, stated the following: ``This issue was addressed by our Minister of Petroleum a few days ago. I would like to repeat that this is an internal decision by the U.S. that does not concern Saudi Arabia. If the decision to use the SPR will help stabilize the oil markets within the price range of $22 - $28 per barrel, which would help both consumers and producers, we believe it would be a positive move.'' SOURCE: Royal Embassy of Saudi Arabia

To: Think4Yourself who wrote (74393)	9/24/2000 1:38:18 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

John, "Demand, Supply in Tight Balance" says lead Midland Reporter article: First it notes that the Gas Research Institute predicts that NG usage in the U.S. will rise 2.6% annually for the next 15 years. The drivers- The high tech economy of course. Computers and Internet servers burns lots of electricity.(An average personal computer burns one kilowatt per hour). NG is the preferred fuel for new power plants. 96% of the 200 new power plants announced nationwide will utilize NG (There is roughly 180,000 megawatts of announced power plant construction. Not all will be built however based upon market conditions. That 180,000 numbers comes form the EIA website and I added it here). From 1998-2015 NG's total portion of U.S. energy consumption will rise 5 percentage points to 28% of the total energy mix. (National Petroleum Council Study). Nationwide NG p/l systems are also constrained and will need significant investment/upgrading in order to meet an estimated demand in 2010 of 29 TCF of NG moving anually. The number of oil/gas wells that will be needed to drilled in order to meet this increased demand will double from 24,000 currently to 48,000 (I assume that they mean "total" in those numbers- NPC Study Numbers that is). My hands are tired- Next section covers Electric Demand.... But the first conclusion from the above data appears to be that major construction companies will be very busy over the next 15 years....That includes offshore construction....