Natural gas outlookAfter reading your "Market Hotline" (OGJ, Jan. 20, 2003, p. 68), I became concerned that you were taking the EIA written projections too much at face value. If we look at the text of the Jan. 8, 2003, Short-Term Outlook issued by the EIA, we see a rather rosy picture. It notes that during 2002 natural gas production was flat to 2001 while demand fell 1.7%, and production will also stay flat in 2003 to cover the projected demand rise of 4.7%. But this is all nonsense! If one digs in and pulls the detailed tabular information, Table 8 reveals the flaw. The natural gas balance is straightforward: namely that domestic supply plus net supply imports must equal demand plus ne...

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