Aspen Group Resources (ASRPF)

[Amaunet]

Net imports may increase but the commodity will not be cheap. A tight situation in Canada will keep our prices high. Am

The United States consumes large amounts of Canadian natural gas, which accounted for 94% of U.S. gas imports and 14% of U.S. gas consumption in the first half of 2000. U.S. dependence on Canadian gas has quadrupled since the 1970s and is expected to grow even further over the next decade.

Even with the Canadian rig count on the upswing our neighbor to the north is not looking that good.

Total Canadian Gas Production Forecast to Drop 2-4% in '03
from NGI's Daily Gas Price Index January 08, 2003

Total Canadian natural gas production, estimated to be down about 0.5% in 2002 -- as much as 2.5% in Ladyfern alone -- will fall another 2-4% this year, according to a new Lehman Brothers Forecast issued Tuesday.


References:

http://170.12.99.3/researchpdf/iEne122702b_1102.pdf