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To: benwood who wrote (105540)	5/30/2001 12:26:09 PM
From: yard_man	Respond to of 436258

Electrical gen still only 16 or 17% of NG consumption annually ... and even though that fraction will grow more in the next couple of years, more production has been planned and is coming online in the next couple of years ... the coming trend in industrial demand is what needs to be assessed. I don't have a feel for it right now. It is not inconcievable to me that our current economic contraction could blunt demand enough to prevent what happened last winter ... But for the intermediate term the trend is down ... Speaking of DOWN -- look at gold spot. Headed below 265 now -- I think XAU and HUI get major damage by days's end.

To: benwood who wrote (105540)	5/30/2001 12:43:41 PM
From: Terry Whitman	Respond to of 436258

NG has produced a classic parabolic blow off/up chart pattern on the weekly- tfc-charts.w2d.com also seen in Nasdaq, XTC, etc. I would expect it to return to the break out point, ~ $3. I would be a buyer there. BWDIK

To: benwood who wrote (105540)	5/30/2001 1:50:15 PM
From: flatsville	Respond to of 436258

>>>I think a lot hinges on the Pacific Northwest. If we get a normal, or heavier than normal, rainfall winter next season, the price gougers will be out of luck for the 2001-2002 winter. (I think the smart money is on a heavier than normal rainfall.)<<< Heavier than normal rainfall and snowpack will make it somewhat more difficult for the gougers and harder to "justify" their behavior, but increased generation won't solve the transmission problem. At times there has been adequate power in the larger market during periods of volatile prices. It was the inability to move power where needed and then the local generators' ability to artificially manipulate supply which gave users stratospheric prices. Remember the SF Chronicle article which exposed that generation (powering plants up and down even to the detriment of the equipment) was being directed from the trading floor?