Hearthlist Digest #475 - Thursday, August 17, 2000 Oil and gas prices by "John Gulland" <[email protected]>
(back) Subject: Oil and gas prices From: "John Gulland" <[email protected]> Date: Wed, 16 Aug 2000 20:05:23 -0400 Fasten your seatbelts, gang, we're in for a bumpy ride. Oil and gas = prices are volatile right now and the forecasts are for more volatility (mostly upward) right through the coming winter. The energy price rises look like they could be big enough to start = changing customers' hearth buying preferences. Following are some recent clippings. Regards, John The Wood Heat Organization Inc. www.woodheat.org A non-commercial service in support of responsible home heating with wood =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D 08/15 11:48 Crude Oil Rises on Expectations for Low U.S. Inventories By Josh P. Hamilton New York, Aug. 15 (Bloomberg) -- Crude oil rose more than 2 percent in New York and reached a 10-year high in London on expectations that a U.S. inventory report will show little relief for supplies that are at a = 24-year low. Oil jumped past $32 a barrel on expectations that the American Petroleum Institute later today would report only a small rise in U.S. supplies. Inventories fell in three of the past four weekly API reports, and heating oil in storage is down 39 percent from a year ago with cold weather just three months away. ``It's an extremely volatile situation,'' said Nauman Barakat, vice president of global energy trading at ABN Amro Inc. in New York. ``If we = get API numbers tonight showing further declines, we could be at $34 a barrel = by tomorrow morning.'' Full article: http://quote.bloomberg.com/fgcgi.cgi?ptitle=3DBloomberg%20Energy&touch=3D1&= T=3Dene rgy_news_front.ht&s=3DAOZlmVxQEQ3J1ZGUg --------------------------------- Natural gas prices seen rising 50 percent or more Filed: 08/15/2000 By H. JOSEF HEBERT Associated Press Writer WASHINGTON (AP) - Winter heating bills for people who use natural gas = could be more than 50 percent higher this coming winter than last, according to = an Energy Department forecast. Full article: http://www.bakersfield.com/oil/i--1245791515.asp ------------------------------ CALGARY (Reuters) - Canadian natural gas prices, which have fallen 25 percent in the past 10 weeks, could double by this winter due to demand by gas-fired electrical utilities in the United States, analysts said. Full article: http://ca.dailynews.yahoo.com/ca/headlines/ts/story.html?s=3Dv/ca/20000814/= ts/ energy_canada_gasprice_col_1.html