Monday, September 19, 2005

There Might Not be Enough Natural Gas at any Price

Energy prices likely to get worse:
by James Ulland, startribune.com -- Sept 18, 2005
"Many expect that the shut-in gas will only slowly become available. At the current recovery rate, within a little more than three weeks, the industry's normal 'cushion' of gas that's stored for the winter will be exhausted, leaving an undesirably low level of gas stored for the winter home-heating season.
Natural gas is stored in the spring, summer and fall because winter demand exceeds the gas that can be produced on a daily basis. The stored gas normally is withdrawn starting about Nov. 1. If there is not enough stored gas, prices will skyrocket; and more importantly, there might not be enough gas at any price."

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