Associates

If you thought natural gas prices were volatile last summer, you haven’t seen anything yet, according to Raymond James & Associates. During the peak heat of summer 2001, the company forecasts that gas prices will rise above $6/Mcf, and remain above the $5/Mcf mark in the longer term.

If you thought natural gas prices were volatile last summer, you haven’t seen anything yet, according to Raymond James & Associates. During the peak heat of summer 2001, the company forecasts that gas prices will rise above $6/Mcf, and remain above the $5/Mcf mark in the longer term.

The gas price projections of the ever-bullish analysts atRaymond James and Associates’ are going up in $1.25 incrementsthese days. The company boosted its Henry Hub price forecast to$5.75/Mcf for 2001 from $4.50 in reaction to what it called a”looming crisis” in the gas market. The increase puts RaymondJames’ forecast a whopping $1.62/Mcf more than the Wall Streetconsensus, according to First Call, but still about a quarter shyof the 12-month futures strip.

The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport last week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.

The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport this week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.

Raymond James and Associates gave gas buyers a Halloween shrieklast week that could be producing chills all the way through nextApril, perhaps even all of next year. The firm released a chillyforecast of double digit gas prices this winter and said it expectsprices to average $4.50/MMBtu in 2001.

Raymond James and Associates gave gas buyers a Halloween shriekyesterday that could be producing chills all the way through nextApril, perhaps even all of next year. The firm released a chillyforecast of double digit gas prices this winter and said it expectsprices to average $4.50/MMBtu in 2001.

A new report by Cambridge Energy Research Associates (CERA)identifies three plausible future paths for the power industry andin particular the transmission sector, which has been plagued bygridlock because of a tangle of infrastructure problems andregulatory uncertainty.

A new report by Cambridge Energy Research Associates (CERA)identifies three plausible future paths for the power industry andin particular the transmission sector, which has been plagued bygridlock because of a tangle of infrastructure problems andregulatory uncertainty.