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

To: kollmhn who wrote (8814)	4/11/2002 8:39:49 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 206144

Kollmln, You make a very good point about Frankly, we are at an all time record storage level and for us NOT to hit 3000Bcf will require summer storage to be a new record low by close to 100 Bcf. The way that I can see that happening, is for the current level of effort to continue. Rig counts were up dramatically in 2001, and in spite of that, production barely nosed ahead. With only about 60% of the rigs that were running last year in the hunt for new gas this year, we can expect a very large production shortfall over the coming 2 quarters, barring any unforeseen major finds. That's why I feel comfortable with the notion that we will indeed have the lowest builds of the past decade this summer. Time will tell, eh? Cheerio! Ray