“Everything basically went back to index,” said a trader onLouisiana pipes Thursday after prices had slipped to either side of$2. Markets were down across the board, even in previously immuneintra-Alberta. Reasons for the softness weren’t hard to find:moderating weather, a huge storage injection report and a plungingfutures screen.
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EIA Warns of Major Errors in its Drilling Data
Frequently faced with sharp criticism from industry and WallStreet for its estimates on everything from supply and demand tonatural gas prices, the Energy Information Administration earlierthis month publicly admitted there were serious errors over morethan a decade in its gas and oil drilling data.
April 17, 1998
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