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To: Dog Gone
"Much of this new generation will be fueled by natural gas."

Really?

Where do you think the gas is going to come from and at what price? Existing storage masks the fact that production is down and there is no sign the decline will stop. Adverse tax, environmental, and business policy at the state and federal level is destroying capital formation in this industry also and the consequence is that people are not drilling holes in the ground looking for gas at the bottom.

Moving unused existing gas here from Alaska or southeast Asia will have a real cost around $6.50 or $7.00 (not the $4.50 the LNG industry claims) and it will take a long time to get the facilities to move and use the gas in place.

8 posted on 06/23/2002 8:55:49 AM PDT by David
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To: David
Moving unused existing gas here from Alaska or southeast Asia will have a real cost around $6.50

For reference:
The Alaska North Slope Natural Gas Pipeline needs a natual gas price of at least $2.70 to be profitable.

49 posted on 06/23/2002 2:30:28 PM PDT by RightWhale
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