Natural gas demand will not be up as much as many people think because “giddy gas bulls” are ignoring an expected increase of hydroelectric output, which likely will displace a lot of West Coast generation this summer, a Raymond James & Associate energy analyst said Monday.
Giddy
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Executives Bullish on Prices, Supply Outlook
Strong gas prices and the promise of robust demand fromgas-fired generation are making industry executives almost giddy.Production may be waning in the shallow Gulf of Mexico, but it iswaxing in the greater depths. Ditto for LNG imports. Canadianproducers look south and see market, north and see future supply.It’s all good if you can overlook the fact Wall Street isn’t payingmuch attention.
April 10, 2000
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