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To: HH who wrote (10162)5/29/2002 8:58:27 AM
From: Tomas  Read Replies (1) | Respond to of 206325
 
We Don`t Buy the Falling Natural Gas Demand Story
Raymond James Energy Group, May 28

"Based upon the last two storage data points, we believe that demand is actually 3 bcf per day
greater than it was during the same time last year.

More importantly, we expect natural gas storage levels to continue to show 5-6 bcf per day less
natural gas in the system this year than last year, as we report weekly numbers over the next six weeks.

Specifically, if storage injections average 65 to 75 bcf per week over the next six weeks, then
it should be more than evident to everyone that there has, in fact, been no demand deterioration
and that U.S. natural gas supply/demand is much tighter than it was during this time last year."

170.12.99.3