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

To: jim_p who wrote (19678)	3/5/2003 8:46:16 AM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 206321

Jim, indeed never say never. In the last gas boomlet it was a common tactic in the media to trot out the gas pipeline to the MacKenzie (sp?) delta & Alaska. Just the mention of a pipeline knocked the spot price every time. Surprised I haven't seen it tossed out there yet. Sharp

To: jim_p who wrote (19678)	3/5/2003 8:50:08 AM
From: Ed Ajootian	Respond to of 206321

Jim_p, As we are seeing, all them drilling rigs are not helping us solve this natgas crisis here in North America. Its particularly amazing to see the massive increase in drilling in Canada vs. last year, yet now they have less than half the gas they had last year, because all the gas being produced is heading south of the border. As we know gas is a North American thing and its abundantly clear to me that there is no longer plenty of gas here, and that it costs a decent amount of coin to get the gas here from elsewhere in the form of LNG. Folks who rely on over-simplified analogies to the past do so at their own risk, IMO. Oil of course is another story alltogether, and I agree with you that there is no telling what could happen going forward. I realize the two are tied together somewhat. BTW, why are Utes such a good buy in a high commodity price environment? I don't know much about them but my simple brain tells me they buy the raw commodity (e.g. natgas) and turn it into electricity. When their costs go up as much as they are today, can they really pass on those costs to their electicity customers that easily?