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

To: JimisJim who wrote (82863)	4/11/2007 2:12:02 PM
From: Dennis Roth	Read Replies (2) \| Respond to of 206184

JimisJim, I'm well aware of Sempra's Baja terminal. Sempra has been in my portfolio for a number of years in large part because of its LNG terminals. One of the risk factors with holding Sempra is its exposure to California politics. Rapidly escalating natural gas prices and electric rates could bring lawsuits and government legal action against Sempra. Californians refuse to believe that they can't have energy cheap anymore and if prices rise it must be a conspiracy.

To: JimisJim who wrote (82863)	4/11/2007 5:53:57 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206184

>> LNG terminal is/was built and will begin delivering gas to SoCal next year... don't know what resolution there might or might not have been concerning allowing utilities to do long-term contracts for LNG << Don't be so sure. At Milford Haven the terminal is built, the infrastructure is 95 percent complete but National Grid just had to declare force majeure to gas shippers who had booked entry capacity because interventionists just got the pipeline stopped. UK's Nat Grid calls force majeure investing.reuters.co.uk National Grid declares force majeure on Milford Haven LNG pipe marketwatch.com Fresh planning row hits pipeline news.bbc.co.uk Blocking a pipeline to kill LNG importation. Sound familiar? Don't expect R.A.C.E. and the special interests that back them to lie down and play dead. Some of the LNG that was scheduled for Milford Haven may be diverted to the U.S. but Elroy can rest easy in the knowledge that none of it will reach California without passing through long piplines and subject to suitable markups first. <ggg>