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

To: Dennis Roth who wrote (91392)	10/3/2007 5:44:17 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206325

DJ UPDATE: US GAS: Futures Drop, Traders Play Down Storms futuresource.quote.com Government data is expected to show that 65 billion cubic feet of gas were injected into storage during the week ended Sept. 28, according to the average prediction of 15 analysts and traders in a Dow Jones Newswires survey. Bloomberg: Nymex Natural Gas Falls on Speculation Supplies Rose Last Week bloomberg.com Stockpiles probably rose by 65 billion cubic feet last week, according to the median of 16 responses in a Bloomberg survey. REUTERS: New York Mercantile Exchange natural gas futures lost ground midday Wednesday, pressured by profit taking after recent strong gains and news that a potential storm in the Gulf of Mexico was becoming less organized, traders said. www1.investorvillage.com A Reuters survey released Wednesday showed industry sources expected inventories to increase by 67 bcf when weekly EIA storage data is released Thursday at about 10:30 a.m. -- Physical Natural Gas Prices for next day delievery - Up almost everywhere. intelligencepress.com --- Bentek bentekenergy.com GULF PRODUCTION MONITOR: October 2, 2007 There was a 4% (453,000 Dth/d) upward revision of total onshore and offshore Gulf production in yesterday's I2 cycle, with the bulk of the change (416,000 Dth/d) taking place in Louisiana, particularly in the federal offshore area. Production is down slightly in the Gulf today, and is down only about 2% compared to the same time last year. Most of the lower volumes today compared to Monday are in the Louisiana federal offshore upstream of Tennessee and Sonat. Producers could begin evacuations and shut-ins soon depending on the forecast for a new low pressure area that has slipped past Florida and into the Gulf. Conditions appear favorable for some development. TEXAS ENERGY BULLETIN: October 2, 2007 It was another day of significant shifts in price differentials. Waha was up 25 cnts to $6.02 while Ship Channel was down a penny to $6.08, dropping the differential between the two points to 5.6 cnts. Flows moving east dropped by 178,000 MMbtu while flows moving west dropped by 164,000 MMbtu. Socal was up by 13 cnts to $5.95. With Waha at $6.02 that differential flipped to a negative 7.4 cnts (Waha over Socal). Henry Hub was off by 8 cnts to $6.07. With Ship Channel down to $6.08, that differential flipped from Henry higher by 6 ctns yesterday to Ship higher by 1 cnt today. Panhandle was up by 14 cnts to $5.60. US POWER - GAS BURN REPORT: October 2, 2007 US gas burn falls by 343 MMcf today to land at 19.8 Bcf in total, a 2% decrease over yesterday's I2. Yesterday's I2 nominations jumped nearly 1.2 Bcf to make it to 20.2 Bcf on the day. SERC and ERCOT burn are the only early risers today, with SERC pushing its way up to 1.5 Bcf due to a mini-heat wave in the south. The WECC comes off significantly, down 213 MMcf as warm air pushes into the Midcontinent and southern states.Burn for the EIA week ending 10/4 is projected at 142 Bcf. -- Still no frost on the Pumpkin. wxmaps.org cpc.ncep.noaa.gov -- Tropical Weather. Lots of Invests, but nothing scary. Possible paths and 5:30 PM NHC comments for each invest. Invest 90L my.sfwmd.gov SHOWER ACTIVITY WITH THE NON-TROPICAL AREA OF LOW PRESSURE IN THE EAST-CENTRAL GULF OF MEXICO IS CURRENTLY LIMITED. HOWEVER...THIS SYSTEM HAS A WELL-DEFINED LOW-LEVEL CIRCULATION AND COULD STILL BECOME A TROPICAL OR SUBTROPICAL DEPRESSION DURING THE NEXT DAY OR TWO AS IT MOVES GENERALLY NORTHWESTWARD OR NORTHWARD AT ABOUT 10 MPH. INTERESTS IN THE NORTHERN GULF OF MEXICO COAST SHOULD CONTINUE TO MONITOR THE PROGRESS OF THIS SYSTEM. Invest 91L my.sfwmd.gov AN AREA OF LOW PRESSURE...ASSOCIATED WITH A TROPICAL WAVE...IS LOCATED ABOUT 1250 MILES EAST OF THE SOUTHERN WINDWARD ISLANDS. ALTHOUGH THIS SYSTEM IS SHOWING SIGNS OF ORGANIZATION...UPPER-LEVEL WINDS ARE EXPECTED TO GRADUALLY BECOME LESS FAVORABLE FOR DEVELOPMENT OVER THE NEXT DAY OR TWO. Invest 92L my.sfwmd.gov CLOUDINESS...SHOWERS...AND THUNDERSTORMS OVER THE WESTERN ATLANTIC AND PORTIONS OF THE BAHAMAS ARE ASSOCIATED WITH AN ELONGATED AREA OF LOW PRESSURE. WHILE THIS ACTIVITY IS CURRENTLY DISORGANIZED... UPPER-LEVEL WINDS APPEAR TO BE SOMEWHAT FAVORABLE FOR DEVELOPMENT...AND A TROPICAL DEPRESSION COULD FORM IN THIS AREA DURING THE NEXT DAY OR TWO. THIS SYSTEM IS EXPECTED TO BEGIN A SLOW WESTWARD MOTION ON THURSDAY. --- Expectations for tomorrow's EIA Natural gas storage report Dow Jones Survey - 65 Bcf Bloomberg Survey - 65 Bcf Reuters Survey - 67 Bcf Robry825 - 63 Bcf z24blackjet - 61 Bcf