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

To: aerosappy who wrote (12745)	9/8/2002 2:03:54 PM
From: quehubo	Respond to of 206265

<<Domestic dry natural gas production is projected to fall by about 1.7 percent in 2002 compared to the 2001 growth rate of 2.4 percent. Lower natural gas prices have reduced production and resource development incentives from their highs of last year. Still, current supplies, including natural gas in storage, appear to be at very comfortable levels. In 2003, production is expected to rebound by 3.2 percent as demand rises and inventories fall back closer to normal.>> <<http://www.eia.doe.gov/emeu/steo/pub/gifs/img017.gif>> I feel like I am missing something in their argument. They seem to be ignoring present production data and NG futures prices. Also I am not sure how they expect production to exceed 2001 levels with a lower RIG count in 2003 than in 2001.