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The other day I vented some of my reserch regarding oils. Well, here goes my 'natural gas' list:

- N. America is the largest natural gas market in the world. Virtually all supply to this market comes from gasfields in the U.S. and Canada (est. demand 63 bcf/d
- In 1997 Canada provided nearly 20% of N. American market (it was 13% 10 years ago - looks like this trend will continue).
- Residential consumption constituets only 26 % of total N. American demand - it has been flat at approx. 11 bcf/d for last 10 years (there is no reason to see any changes).
- Electricity generation constituetes 14% of total demand, again, essentially flat for last 10 years - there is, however, opportunity to grow if gas fired generators are installed
- Commercial and industrial demand constituetes 60% of total demand and is growing very rapidly. It's growth is limited by tight supply, not demand.
- Texas, the Gulf Coast and Alberta (Canada) are dominant gas supply basins of N. America.
- N. America is served by en extensive, high cappacity pipeline system that moves large volumes from supply basins to population centers in the U.S. N. Northeast, U.S. Midwest, Ontario (Canada) and California.
- A shortage of pipeline capacity from Alberta and the Rockies has served to depress prices in these regions reletive to prices in Texas and the Gulf Coast. Texas and Gulf Coast producers enjoy excess pipeline capacity to both Midwest and Northeast markets.

Anyway, that's how it all looks to me today. Now, if we could only identify some anomaly in this scenario.
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