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

To: Frank who wrote (76688)	12/21/2006 2:40:50 PM
From: CommanderCricket	Read Replies (2) \| Respond to of 206325

Frank, It is very tough knowing you've called the longer term problem correctly but not getting too roughed up waiting around. Michael

To: Frank who wrote (76688)	12/21/2006 4:26:02 PM
From: JGreg	Respond to of 206325

RE: capacity influence on NG price (AP Business) >> . . . Congress has been focused in recent years on proposals to open up more public lands for natural-gas drilling. But analysts said these initiatives alone will not help to lower prices or reduce price volatility if the country's capacity to store and transport this fuel is not significantly increased as well. Federal Energy Regulatory Commission member Suedeen G. Kelly says industry is responding to the need for more infrastructure, with proposals to build pipelines, storage facilities and liquefied natural gas import terminals that should help alleviate the strain. But "there already is a need for more," Kelly said during a recent panel discussion. Not everyone agrees. James Tobin, an analyst at the federal Energy Information Administration who recently examined natural gas storage trends going back to 1998, said industry and government officials are underestimating the capacity of the nation's 394 underground storage facilities, most of which are depleted natural gas formations. The EIA's official estimate of total U.S. natural-gas storage capacity is 3.6 trillion cubic feet, while Tobin puts the figure closer to 4 trillion cubic feet. "I don't think there'll be any problem with capacity unless some (winter) storm of the century hits, or something like that," Tobin said. . . .<<

To: Frank who wrote (76688)	12/21/2006 7:58:19 PM
From: quehubo	Read Replies (2) \| Respond to of 206325

Nuclear plant outages played a big part in consuming "excess" ng since October. Nuke capacity returned within seasonal norms recently. This may have some impact going forward on demand. See today's EIA electric flash. Europe's storage is reportedly full and LNG is being turned away to head to the USA. Demand during the next two weeks will be interesting. Demand so far has been quite strong relative to weather. This is very bullish and I cant explain it. I expect very bearish weather through mid January. Maybe we get a brutal February. Added a little BTU today to round up to 20% long. With heat forecasted into January, if we do not see some decent forecasts during the first week of heat in January I expect some serious bloodshed.