OGJ Newsletter

Market MovementGas supply curtailments looming?Could the continuing spike in gas prices spur the US government to curtail industrial gas use this winter? With natural gas storage injections and storage levels in the US both down from the peak injection season 1 year ago, natural gas prices are likely to push still higher this year.Salomon Smith Barney contends, "We...now believe that our $3.25/ MMbtu composite spot forecast for 2000 and 2001 could prove conservative. Our biggest fear for the US economy is that events transpire such that supplies are so constrained this winter that the government steps in to limit industrial consumption in order to have adequate supplies for residential co...

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