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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 (158831)	10/23/2011 4:25:46 PM
From: ChanceIs	Respond to of 206161

Heating oil shortage may be worse after late orders >>>NG surplus, heating oil shortage??? Storage for one but not the other?? It sounds to me as if nobody in the UK understands how to hedge with futures contracts. I infer from the NG article that the NG "surplus" stems from demand reduction vice supply increase.<<< The heating-oil crisis exposing more than a million families to price spikes and shortages last winter may be even worse this year, according to the UK's largest supplier. By Rowena Mason 8:15PM BST 23 Oct 2011 During the chaos, the Government had to intervene with emergency measures to deal with blockages, as the snow hampered deliveries. Prices also shot up by around 70pc, amid a rush for heating oil needed to keep many rural households warm. Ministers considered rationing and urged people not to hoard stockpiles of the fuel. However, experts are warning that the situation is likely to arise again, as households are still not buying enough heating oil in advance when prices are lower. Last year, there was a 40pc increase in demand during the cold snap, pushing up prices. But hard-pressed families appear to be putting off their purchases until the last minute, as finances are under more pressure. Adding to the risk, the Met Office has forecast a high risk of a colder winter. Donal Murphy, managing director of DCC Energy, said purchases are even more delayed this year and the economy could be one reason why. He said: "It absolutely will happen again if people don't start buying product now. Customers typically wait until the weather turns very cold before ordering. The best time for consumers to buy their product is in the summer, when prices are cheaper." DCC Energy, which owns GB Oils, was among the suppliers accused of taking advantage of the cold weather to raise prices, but the Office of Fair Trading this month cleared the market of uncompetitive practices. About 97pc of off-grid households live in an area served by at least four suppliers. The OFT did, however, say that it was still looking at differences between prices quoted and prices on delivery.

To: Dennis Roth who wrote (158831)	10/24/2011 1:08:55 PM
From: Dennis Roth	Respond to of 206161

Libyan gas exports set to flood Europe 14 October 2011 petroleum-economist.com The restart of the Greenstream pipeline to Italy will flood an already oversupplied European gas market. Gas prices look set to drop Kwok W Wan, LONDON: The restart of Libyan gas exports to Italy could trigger a slump in European prices, with the continent’s storage levels already high and an unseasonably warm start to winter. Other suppliers, such as Russia, Norway and Qatar, may be forced to consider lowering or diverting volumes. Pipeline inspections are under way on the Libya-Sicily Greenstream link, with export volumes to be decided in late November to mid-December. The subsea pipeline was flowing 26 million cubic metres a day (cm/d) of gas to Italy before it was shut down in February at the outset of the Libyan civil war. Initial tests will send around 3 million cm/d to Italy,...