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

To: tradingfaster123 who wrote (109706)	9/17/2008 9:19:51 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206176

The problem with a cold October is that I will have to be cold.

To: tradingfaster123 who wrote (109706)	9/18/2008 9:33:18 AM
From: Dennis Roth	Respond to of 206176

IEA Says U.S. Natural Gas Price to Average $10 This Year bloomberg.com By Ben Farey Sept. 18 (Bloomberg) -- The International Energy Agency, an adviser to oil and gas consuming nations, said U.S. natural-gas prices will average $10 a million British thermal units this year. ``A number of factors, including higher oil prices, weather conditions and supply and demand imbalance, all played a role during the price increases in the past 18 months,'' the IEA said in its Natural Gas Market Review 2008. U.S. natural-gas prices have fallen to about $8 a million Btus from more than $13 a million Btus in July. Spare liquefied natural gas cargoes cost more than $15 a million Btus in the Pacific, the IEA added. ``Flexible liquefied natural gas (spot and short-term) played a greater role in inter-regional market balancing in 2007 and into 2008,'' said Nobuo Tanaka, executive director of the IEA, in an e-mailed statement. IEA countries will import more expensive gas from further afield, the report said. The agency sees insufficient investment ``particularly in the years beyond 2010.'' LNG production project delays threaten security of supply, it added. To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net Last Updated: September 18, 2008 06:18 EDT