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01/08/2001
Market MovementNatural gas price furor likely to persist in 2001The furor over high US natural gas prices won't die even after futures prices have fallen back from their current near-$10/ MMbtu highs. Click here to enlarge imageIf there is anything resembling a consensus gas price forecast for 2001, it has left $3-4/MMbtu well behind and has moved toward $5-6/ MMbtu. That alone would en- sure gas consumers' hackles will stayed raised over high prices throughout the year and probably into 2002.Here's just a sample of price forecasts from some analysts:Salomon Smith Barney hiked its 2001 composite spot gas price forecast to $5/MMbtu from $4.25/MMbtu, citing natural gas storage ...
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