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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (3203)	7/28/2001 8:45:15 PM
From: energyplay	Respond to of 206101

Archimedes - What if the storage that is East of Rocky Mountains & West of the Applachians fills, but the storage East of the Appalicahains still has room ? We could get some sharp price differntial by producing area, with strongly different effect on specific companies. Rocky Mountains is like to be vulnerable, with lines near full & high pressure high--also they compete with gas from Canada --- Gulf Coast wold be different. Any one able to comment on different regions? California will be its' on special bizzare case, as usual...

To: Archie Meeties who wrote (3203)	7/28/2001 9:17:18 PM
From: Second_Titan	Read Replies (1) \| Respond to of 206101

Archimedes - I would not argue that there is a very high probability that storage will be filled. But the cure for $2-3 gas will be the price itself. How much NG would there be in storage today if the high NG prices did not force high alternate fuel use from November through today? I posted the number a few months ago but I believe we would be short 600 bcf. I hope to ride whatever rally we get now and be almost 100% clear of the market from early September through maybe November. I suspect there are billions of dollars of smart money waiting for the moment that NG supply is lagging demand and once that moment occurs one had better already be invested or be ready to buy at higher prices. The post about utilities locking in #6 oil through the Summer has been discussed many times. I have no doubt that it is still a factor as many plants would have protected their fuel costs before NG/crude prices came back to earth.