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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: marc chatman who wrote (40919)3/26/1999 11:39:00 AM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
marc, Zero gas was brought form outside of North America last year as there are no LNG terminals in North America. What you see is what you get.

Yes more rigs could come on line- but they haven't yet. And gas wells deplete at a 30% annual rate- much faster than oil wells generally.

Now deliverability may be ok in the short-term, but deliverability will have to sink if total available reserves fall....

Sincerely,

Doug F.