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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (7598)	5/2/2005 2:24:49 PM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 23958

Ray, don't count on natural gas. It has it's own peak production curve coming though it currently looks further off. Natural gas demand has also been increasing as most new power plants are powered by "clean" natural gas. "Natural gas consumption grows from 22.5 quadrillion Btu in 2003 to 31.5 quadrillion Btu in 2025. Over 50 percent of the expected increase is for electric power generation. Although some growth in other uses is also expected, particularly for industrial applications, their share of total natural gas use is projected to decline as a result of strong growth in demand in the electricity generation sector. Electricity generation is also expected to account for most of the growth in coal consumption, from 22.7 quadrillion Btu in 2003 to 30.5 quadrillion Btu in 2025. Much of the increase is expected after 2010, when higher natural gas prices make coal a more competitive fuel for power plants. ... After 2011, however, both wellhead and delivered natural gas prices are projected to increase in response to the higher exploration and development costs associated with smaller and deeper gas deposits in the remaining domestic gas resource base. " eia.doe.gov Lawrence