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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 (96531)	2/7/2008 10:11:46 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 206199

We are now within a whisker of what I will call the "updated" 5 year average of gas in storage for this week. The "updated" 5 year average is obtained by lopping off the '03 storage figure for this week and adding in this year's storage figure. '03 clearly was an aberration and is distorting the 5 year average. The "updated" 5 year average for Week 6 is 2,057 BCF, and we are at 2,062 BCF. So we are neutral now, and the production drops from the lower Canadian rig counts haven't even started to really kick in yet.

To: Dennis Roth who wrote (96531)	2/7/2008 10:27:42 PM
From: Broken_Clock	Respond to of 206199

Shrinking Surplus The ``storage surplus is rapidly diminishing,'' said Carl Neill, an energy analyst at Risk Management Inc. in Chicago. Supplies of the fuel are 3.1 percent above the five-year average, from 3.9 percent in the week ended Jan. 25, the Energy Department said. ``Back-to-back weekly draws shows that this surplus isn't as insurmountable as we think it is,'' said Phil Flynn, a senior trader at Alaron Trading Corp. in Chicago. Colder weather and large withdrawals are ``driving us back up above $8,'' he said. Stockpiles fell 274 billion cubic feet in the week ended Jan. 25, the biggest one-week drop ever, according to department data. The previous one-week record was 260 billion cubic feet for the week ended Jan. 17, 1997. The U.S. typically withdraws about 2 trillion cubic feet from storage during winter. To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net . Last Updated: February 7, 2008 15:55 EST

To: Dennis Roth who wrote (96531)	2/8/2008 11:09:39 AM
From: Tommaso	Read Replies (1) \| Respond to of 206199

OT: Dennis, I forget if you follow agriculture. People have to eat before they can heat, drive cars, or even light their houses. Feb. 8 (Bloomberg) -- Wheat rose to a record for a third day on the Chicago Board of Trade, gaining the maximum permitted by the exchange, as the U.S. forecast its lowest inventories in 60 years and global demand outpaced production. bloomberg.com bloomberg.com

To: Dennis Roth who wrote (96531)	2/8/2008 4:42:37 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206199

DJ UPDATE: US GAS: Futures End Higher On Crude Oil, Weather futuresource.quote.com Bloomberg: Nymex Natural Gas Rises as Traders Cover Bets Prices Would Fall bloomberg.com ==== Reuters: U.S. spot natural gas prices traded mixed for the second day in a row Friday, with most points bucking the typical weekend drop from lighter industrial loads as colder weather was seen heading for consuming regions, boosting demand, traders said. www1.investorvillage.com Firm Physical Natural Gas Price for Delivery February 9, 2008 thru February 11, 2008 (Trade Date of February 8, 2008) - Up in the East and Down slightly in the West. intelligencepress.com ==== GULF PRODUCTION MONITOR: February 8, 2008 Independence Hub production is back up to 892,000 Dth/d today after the completion of pigging on Independence Trail and valve work on the platform. Enterprise confirmed that the Hub reached peak flow levels of 1 Bcf during a brief intraday period in December and is expected to maintain average production levels between 800,000 and 900,000 Dth/d over the next 12-15 months. Total Gulf production is up to 12.3 Bcf/d today, which is well above the month-to-date average and levels last February. bentekenergy.com ==== Temperature Outlooks. wxmaps.org cpc.ncep.noaa.gov cpc.ncep.noaa.gov Cumulative Month-to-Date. cpc.ncep.noaa.gov