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


To: edward miller who wrote (22385)5/9/2003 1:23:55 PM
From: energyplay  Read Replies (1) | Respond to of 206321
 
We have 2 more nuke plants down (I think) which will affect this comming week, so I think the 100 BCf build is wishfull thinking.

We aren't getting close to 100 BCF builds, and we are going to have a shortage.

Note that land drilling has picked up, but GOM drilling is not as strong. Since the GOM wells tend to be 2-3 times the land wells, I don't think we will the size of accelerating builds in Q3 we might expect from just the raw rig count.

Traders who look at the rig count are likley to expect more gas than will really be availiable.

December NYMEX gas has hit $6.00 USD.