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To: Archie Meeties who wrote (61806)1/25/2001 6:41:08 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Keep an eye on the forward months for NG futures. I think with the proposed solution to the Cali-Ute crisis being centered around long term electrical contracts, we will see the generators locking up forward contracts aggressively. I strongly believe this will put a floor under gas prices untill substantial new supply comes on line (and maybe even afterwards, if depletion becomes a larger factor than we've seen up to the present). In fact, it looks like it's already started.

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