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

To: kormac who wrote (15511)	12/5/2002 4:28:15 PM
From: Tomas	Read Replies (2) \| Respond to of 206097

Comment on Natural-Gas Inventories By Jim Kennett Houston, Dec. 5 (Bloomberg) -- Charlie Sanchez, an energy- markets manager for consultancy Gelber & Associates, comments on U.S. natural-gas inventories. ``Our rates are declining pretty quickly. Surprisingly, there's been a minor reaction to it in the market,'' Sanchez said. ``Question marks are lingering'' over the rate at which gas is being withdrawn from storage, and there could be ``a delayed reaction over the next couple of days.'' ``Ninety-one (billion cubic feet) is quite a lot to withdraw. It's at the high end of what we withdraw at the end of a week in an extreme situation. Next week will be a large withdrawal as well.'' Natural-gas prices should ``continue up,'' Sanchez said. ``That seems both technically and fundamentally what's happening. We had a pretty bearish facade there for a couple of weeks, when we were testing prices in the upper $3 range. But since we've escalated over the $4 mark and the weather has taken hold in its strongest sense, we're a lot more threatened than we were before.'' ``We still have to deal with the immediate implications of the strong demand.''