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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (46872)	3/2/2004 11:06:54 AM
From: Raymond Duray	Respond to of 74559

Re: Careful though Ray... you may not deem the source reliable ;o) Thanks, I've bookmarked the page. :) As you suggest, the Energy Information Administration has been politicized and their data cannot be relied upon. That said, certain of the historical facts presents are undisputed, while their projections remain highly suspect. *** Considering that the EIA was projecting abundant natural gas reserves throughout North America as late as 1999, they seem to have some real egg on their face considering that the U.S. alone suffered from a 5% production deficit in 2003, with new reserves barely maintaining the status quo. Net exports to IPPs in Mexico should raise eyebrows among consumers of NG in the U.S. who have seen the spot price of 1 Mcf/NG rise from about $2 in 1999 to an average of over $4.50 in 2003.