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

To: Elroy Jetson who wrote (82871)	4/11/2007 4:25:30 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206184

>> Hopefully you also understand that price is the largest problem facing LNG terminals. << I understand that LNG is not an energy panacea and will not be a source of cheap gas but is an additional source that can keep prices from rising as far and as fast as they would if we were without that option. >> Because you can currently buy gas produced in North America well below the cost of LNG gas. << US LNG Daily Imports Rise to Record Message 23438828 U.S. terminals in March were offering sellers as much as $3.50 more than European netbacks, the price derived after deducting transportation and insurance. STEO eia.doe.gov First quarter 2007 imports of liquefied natural gas (LNG) are estimated to have risen 47 percent above the corresponding period last year. LNG imports in 2007 are projected to rise to 750 billion cubic feet (bcf), or about 170 bcf above the 2006 total. If LNG demand outside U.S. markets is lower than expected this year, it could push U.S. imports above current projections and dampen domestic natural gas prices. LNG imports are expected to remain strong in 2008, surpassing 1 trillion cubic feet. Gosh, with domestic gas prices so low as you say, those importers must be losing money hand over fist! An addition of 1 trillion cubic feet to supply is bad news by your logic. >> In reality, the "problem" with LNG terminals is a pretend problem. << The real problem is you and California pretending there is no problem. California is "The State of Denial."