Canada gas exports to U.S. could plunge: analyst - Reuters

[Eugene]

Canada gas exports to U.S. could plunge: analyst

By Scott Haggett
Reuters
Wednesday, December 27, 2006; 8:55 AM

CALGARY, Alberta (Reuters) - Canadian natural gas exports to the United States could
post the largest drop in a generation in 2007, an analyst says, as exploration cuts
reduce supply and home-grown demand to fuel oil sands output booms.

Martin King, who follows energy commodities at FirstEnergy Capital, a Calgary investment
bank, expects exports to fall by up to a billion cubic feet a day next year, down about
10 percent from current shipments around 10 billion cubic feet a day.

"The supply picture is looking rather negative," King said. "You have to go back to 1984
to see a (similar) downward trend."

-snip-

On supply, Canada's energy companies are losing their enthusiasm for drilling natural gas.
Costs are high, prices volatile -- but lower than they have been -- and concentrating on
finding new oil to pump has proved more profitable.

-snip-

Full article: http://www.washingtonpost.com/wp-dyn/content/article/2006/12/27/AR2006122700690.html

[4dsc]

1. more peak natural gas???

Oh where oh where will get our precious NG??