OGJ NEWSLETTER

The U.S. natural gas bubble has popped. Or so say some analysts that back their claims with sharply higher gas price forecasts for 1993-94. Salomon Bros. even contends a natural gas deliverability "crisis" has arrived that will be "solved" by fuel switching. The analyst thinks U.S. gas deliverability has fallen to the point where supply may fall short of demand as soon as this year, a shortfall that will increase dramatically in 1994-95 and won't be met by imports. It estimates gas

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