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Capitol Area Energy, Inc.

,
January 6, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
www.capitolareaenergy.com
Natural gas futures for February on the NYMEX gained $ 0.101 to settle at % 6.072 per
MMBtu, on speculation lower temperatures next week will boost demand and cut storage
levels. Temperatures will begin to drop later this week, with the cold weather intensifying NATURAL GAS PRICES
next week across the Midwest and Northeast. Natural gas prices have gained 8% in the first NYMEX Last Change
two trading days of 2009. Temperatures will likely dip to below zero degrees in New York by Feb 08 6.07 0.10
January 17th. Similar low temperatures are forecast for Chicago. Higher crude oil prices also
helped the rally as it rose to a 3-week high on speculation the conflict in the Gaza Strip 03 Month Strip 6.10 0.10
between Israel and the Palestinians may spread and disrupt oil supplies from other parts of 06 Month Strip 6.19 0.09
the Middle East. Last week, the EIA reported a storage withdrawal of 143 Bcf, somewhat less 12 Month Strip 6.60 0.10
than what was expected, compared to a withdrawal of 109 Bcf a year ago. The report showed
that total storage levels of 2.877 Tcf are now 56 Bcf above the 5-year average. For this week, 18 Month Strip 6.83 0.10
look for a withdrawal of about 150 to 160 Bcf. For this week, major resistance is seen at $
7.410, with minor at $ 6.265, while major support is seen at $ 5.385 and minor at $ 5.980.
Jan. 2009 GAS PRICES
NYMEX HISTORICAL NATURAL GAS PRICES Point Price
2005 2006 2007 2008 2009 NYMEX 6.136
Houston Ship Channel 5.26
15.00
Waha Hub 4.90

10.00

EIA GAS STORAGE


5.00
Region Bcf Change

0.00 East 1589 -100


J F M A M J J A S O N D
West 400 -22
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
Prod 888 -21
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
Total 2877 -143
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
2008 7.17 7.99 9.83 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89
2009 6.14
◄ LINKS ►
If you are interested in receiving
electricity bids, simply complete
our Letter of Authorization and
fax it back to 512-266-4712.
Oil Rises to 5-Week High Above $50 on OPEC Cuts, Russia Click Here!
Dispute LETTER OF AUTHORIZATION
By Grant Smith, Jan. 6 (Bloomberg) -- Crude oil rose to a five-week high above $50 as Kuwait
and Qatar indicated they will implement supply cuts announced by OPEC last month, and a If you are currently under
dispute between Russia and Ukraine reduced natural gas shipments to Europe. Kuwait and contract and would like
Qatar plan to cut oil shipments to Asia starting in January, refinery officials in the region said notification of natural gas or
today, after the Organization of Petroleum Exporting Countries agreed on a record output electricity rates, please sign up
reduction on Dec. 17. OAO Gazprom cut gas shipments to Europe through Ukraine to less to receive future prices.
than one third of normal levels, a NAK Naftogaz Ukrainy spokesman said. “The focus is Click Here!
shifting from demand to supply again,” said Eugen Weinberg, a Commerzbank AG analyst in NATURAL GAS &
Frankfurt. “We know demand is going to be very weak, but cuts from OPEC and the latest
ELECTRICITY SIGN UP
geopolitical risk will compensate.” Oil for February delivery gained as much as much as
$1.66, or 3.4 percent, to $50.47 a barrel in electronic trading on the New York Mercantile
Exchange. That’s the highest since Dec. 1. It was at $49.86 at 12:29 p.m. London time. MCPE AVERAGE
Brent crude oil for February settlement climbed as much as $2.24, or 4.5 percent, to ERCOT Ave Change
$51.86 a barrel on London’s ICE Futures Europe exchange, also the highest since Dec. 1. The
Houston 39.47 8.17
contract traded at $51.31 a barrel at 12:29 p.m.
North 39.66 7.15
West 36.15 26.15

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Capitol Area Energy, Inc.,
January 9, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for February on the NYMEX ended $ 0.26 higher yesterday to settle at $ 5.542 per MMBtu, rising
www.capitolareaenergy.com
for the first time in five days as frigid weather is forecast to boost demand sharply across the eastern half of the
nation. The National Weather Service (NWS) forecast for next week calls for colder-than-normal temperatures along NATURAL GAS PRICES
the East Coast, in the Northeast and in the Southeast. The extreme cold weather is expected to persist through the
following week. Forecasters are predicting a cold snap that will drop temperatures up to 25 degrees below normal in NYMEX Last Change
parts of the Midwest and Northeast. The Midwest will see bitter cold and winter storm conditions Monday and
Tuesday that will be reinforced by a blast of potentially record breaking arctic air Wednesday. Chicago may have lows Feb 08 5.54 0.03
of 20 below by Saturday. Despite the cold-weather forecasts, futures have had a great difficulty moving higher amid 03 Month Strip 5.54 0.03
waning demand among industrial users and bearish economic news. Don’t be surprised to see this market ignore
the cold weather or at least have taken it into consideration already with the push up yesterday. Last Friday, Labor 06 Month Strip 5.65 0.03
Department data showed that unemployment rose to 7.2%, a sixteen-year high. Last week, the EIA reported a
withdrawal of 47 Bcf, somewhat less than expected, compared to a withdrawal of 147 Bcf a year ago. The report 12 Month Strip 6.09 0.03
also showed that total storage levels of 2.83 Tcf are now 87 Bcf above the five-year average. For this week, look for a 18 Month Strip 6.39 0.03
withdrawal of about 90 to 100 Bcf. For this week, major resistance is seen at $ 7.225, with minor at $ 5.700, while
major support is seen at $ 5.145 and minor at $ 5.460.

NYMEX HISTORICAL NATURAL GAS PRICES Jan. 2009 GAS PRICES


2005 2006 2007 2008 2009 Point Price
NYMEX 6.136
15.00
Houston Ship Channel 5.26
Waha Hub 4.90
10.00

5.00
EIA GAS STORAGE
0.00 Region Bcf Change
J F M A M J J A S O N D
East 1540 -49
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
West 388 -12
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
Prod 902 14
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
2008 7.17 7.99 9.83 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89 Total 2830 -47
2009 6.14

◄ LINKS ►
If you are interested in receiving
electricity bids, simply complete
Crude Oil Falls for Sixth Day on Concern Stockpiles Are Rising our Letter of Authorization and
By Grant Smith, Jan. 13 (Bloomberg) -- Crude oil fell for a sixth day in New York, its longest decline in a month,
fax it back to 512-266-4712.
on speculation that slumping demand caused U.S. crude inventories to accumulate. U.S. crude stockpiles Click Here!
probably gained 2.25 million barrels in the week ended Jan. 9, according to a Bloomberg survey before an LETTER OF AUTHORIZATION
Energy Department report tomorrow. That would be the 14th gain in 16 weeks. The U.S. economy will contract
1.5 percent in 2009, a monthly poll of economists showed. “The U.S. inventory build-ups have been massive,”
said Eugen Weinberg, a Commerzbank AG analyst in Frankfurt. “Coupled with weak economic data, they are If you are currently under
keeping near-month prices under strong pressure.” Crude oil for February delivery fell as much as $1.49, or 4 contract and would like
percent, to $36.10 a barrel in electronic trading on the New York Mercantile Exchange. The contract, down 25 notification of natural gas or
percent in six days, traded for $36.92 a barrel at 10:39 a.m. London time. Futures, down 61 percent from a electricity rates, please sign up
year ago, declined $3.24 to $37.59 a barrel yesterday, the lowest settlement since Dec. 24. Oil for February to receive future prices.
delivery is now at a 35 percent discount to the December future, a market situation known as contango where
traders fetch higher prices for contracts for later delivery. China, the world’s second-largest energy user after Click Here!
the U.S., increased crude-oil imports by 12 percent last month as the country took advantage of falling fuel NATURAL GAS &
purchase costs to boost stockpiles. Imports rose to 14.37 million metric tons from a year earlier, the Beijing- ELECTRICITY SIGN UP
based Customs General Administration of China said on its Web site today. Full-year imports increased 9.6
percent to 178.9 million tons. Most commodities declined yesterday because of falling demand for raw
materials, with corn, soybeans and wheat dropping the most allowed by the Chicago Board of Trade in a single MCPE AVERAGE
day. The Reuters/Jefferies CRB Index of 19 commodities slid as much as 4 percent. Brent crude oil for
February settlement fell as much as $1.07, or 2.5 percent, to $41.84 a barrel on London’s ICE Futures Europe ERCOT Ave Change
exchange. It was at $42.92 a barrel at 10:16 a.m. London time. U.S. crude-oil and fuel inventories probably Houston 60.35 27.73
rose last week as refineries reduced operating rates and the recession curbed consumption, a Bloomberg
News survey of analysts showed. Crude-oil stockpiles probably increased 2.25 million barrels in the week North 24.56 -8.06
ended Jan. 9 from 325.4 million the week before, according to the median of eight analyst estimates before West 89.10 56.48
an Energy Department report this week.
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Questions or comments? E-mail us at newsletter@capitolareaenergy.com
Capitol Area Energy, Inc.,
January 19, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for February on the NYMEX ended $ 0.042 lower Friday to settle at $ www.capitolareaenergy.com
4.801 per MMBtu, falling to the lowest price in more than two years ahead of the holiday
weekend on concern the economic slowdown will further cut demand. Industrial production NATURAL GAS PRICES
fell twice as much as forecast in December, the Federal Reserve said. Output at factories, NYMEX Last Change
mines and utilities dropped 2% after a decline of 1.3% in November.Industrial users account
for 29% of natural gas demand. Natural gas futures have dropped 14% this month, while Feb 08 4.80 -0.04
around 74% of nationwide plant capacity was in use last month, the lowest level since 1983, 03 Month Strip 4.83 -0.03
the report showed. Factories are reducing output and spending as export demand drops and 06 Month Strip 4.96 -0.03
US retail sales endure the longest series of declines in at least 16 years. Auto output fell to
12 Month Strip 5.44 -0.02
the lowest in more than a quarter century, according to the Federal Reserve report. Other big
consumers of natural gas, including chemical makers Dow Chemical, Dupont and Alcoa 18 Month Strip 5.80 -0.01
announced production cuts in the past month. Last week, the EIA reported a storage
withdrawal of 94 Bcf, somewhat less than expected, compared to a withdrawal of 91 Bcf a
year ago. The report also showed that total storage levels of 2.736 Tcf are now 81 Bcf above Jan. 2009 GAS PRICES
the 5-year average. For this week, look for a withdrawal of about 150 to 160 Bcf. For this
week, major resistance is seen at $ 7.085., with minor at $ 4.875, while major support is Point Price
seen at $ 4.425 and minor at $ 4.590. NYMEX 6.136
Houston Ship Channel 5.26
NYMEX HISTORICAL NATURAL GAS PRICES
Waha Hub 4.90
2005 2006 2007 2008 2009

15.00 EIA GAS STORAGE


Region Bcf Change
10.00
East 1,468 -72

5.00 West 369 -19

Prod 899 -3
0.00
J F M A M J J A S O N D Total 2,736 -94

2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
◄ LINKS ►
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
If you are interested in receiving
2008 7.17 7.99 9.83 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89
electricity bids, simply complete
2009 6.14 our Letter of Authorization and
fax it back to 512-266-4712.
Click Here!
Crude Oil Falls Below $33 a Barrel on Dollar, Contract Expiry
LETTER OF AUTHORIZATION
By Grant Smith-Jan. 20 (Bloomberg) -- Crude oil fell below $33 a barrel in New York as the
strengthening dollar reduced the appeal of commodity investments at a time when demand If you are currently under
is declining and stockpiles are rising. At Cushing, Oklahoma, where the benchmark for New contract and would like
York futures is stored, inventories have climbed to 33 million barrels, the highest since notification of natural gas or
records started four years ago. The February contract will cease trading today, so traders have electricity rates, please sign up
to receive future prices.
to sell futures or accept the barrels at a time of falling demand. “Traders are rolling over to
the next month to avoid delivery and the dollar is rallying,” said Andrey Kryuchenkov, an Click Here!
analyst with VTB Capital in London. “All this against a background of falling demand and NATURAL GAS &
easing geopolitical tensions.” Crude oil for February delivery fell to $32.70, down 10.4 ELECTRICITY SIGN UP
percent from last week’s close and the lowest since Dec. 19, on the New York Mercantile
Exchange today. The contract traded at $33.37 a barrel at 10:45 a.m. London time. Floor
MCPE AVERAGE
trading was closed for the Martin Luther King Jr. holiday yesterday. Trades then will be
booked today for settlement. The more-actively traded March contract was at $39.59, down 7 ERCOT Ave Change
percent. The U.S. dollar climbed as high as $1.2921 against the euro, the strongest since Houston 20.48 -1.31
Dec. 10, and traded for $1.2977 as of 10:25 a.m. London time. Gains in the U.S. currency
North 21.10 -0.69
diminish the appeal of dollar-priced commodities used to hedge against inflation.
West 9.45 -12.34

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Capitol Area Energy, Inc.,
January 23, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for February on the NYMEX ended $ 0.163 per mmbtu lower Friday to www.capitolareaenergy.com
settle at $ 4.518, hitting a new two-year low on weak economic data and ample supplies.
Consumption of natural gas to run factories and produce chemicals is sliding as companies NATURAL GAS PRICES
shut plants and fire workers. The number of Americans filing their first unemployment-benefit NYMEX Last Change
claims matched a 26-year high, the government said. Industrial users account for about 29%
of US natural gas demand. Natural gas has declined 17% this year and is down 66% from the Feb 08 4.52 -0.16
2008 high on July 2nd. Initial jobless claims increased by 62,000 to 589,000, more than 03 Month Strip 4.53 -0.16
forecast last week, the Labor Department said. The depth and duration of the economic 06 Month Strip 4.64 -0.16
slump is making it difficult to quantify how far demand may deteriorate. Demand from
12 Month Strip 5.13 -0.15
chemical makers and other large consumers of gas may fall 3% in 2009, the EIA said last
week. Steel production in the US was down 52% from a year ago. Last week, the EIA 18 Month Strip 5.52 -0.13
reported a storage withdrawal of 94 Bcf, somewhat less than expected, compared to a
withdrawal of 91 Bcf a year ago. The report showed that total storage levels of 2.736 Tcf are
now 81 Bcf above the five-year average. For this week, look for about 175 to 185 Bcf. For Jan. 2009 GAS PRICES
this week, major resistance is seen at $ 6.850, with minor at $ 4.570, while major support is
seen at $ 3.980 and minor at $ 4.425. Point Price
NYMEX 6.136
NYMEX HISTORICAL NATURAL GAS PRICES
Houston Ship Channel 5.26
2005 2006 2007 2008 2009
Waha Hub 4.90

15.00

EIA GAS STORAGE


10.00
Region Bcf Change

5.00 East 1,343 -125

West 361 -8
0.00 856 -43
J F M A M J J A S O N D Prod

2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 Total 2,560 -176
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
◄ LINKS ►
2008 7.17 7.99 9.83 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89
If you are interested in receiving
2009 6.14
electricity bids, simply complete
our Letter of Authorization and
fax it back to 512-266-4712.
Click Here!
Crude Oil Rises as Equities Advance in Europe on Bank Measures
LETTER OF AUTHORIZATION
By Grant Smith-Jan. 26 (Bloomberg) -- Crude oil rose with European equity markets as banks
announced steps to stem credit-related losses. “Futures are recovering as sentiment If you are currently under
improves because of the rise on equity markets, and a slight recovery on other commodity contract and would like
markets,” said Andrey Kryuchenkov, an analyst with VTB Capital in London. Crude oil for notification of natural gas or
March delivery rose as much as 58 cents, or 1.3 percent, to $47.05 a barrel on the New York electricity rates, please sign up
to receive future prices.
Mercantile Exchange, and traded for $46.78 as of 10:51 a.m. in London.
Click Here!
NATURAL GAS &
ELECTRICITY SIGN UP

MCPE AVERAGE
ERCOT Ave Change
Houston 16.67 -2.93
North 17.10 -3.01
West 9.07 -1.45

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Capitol Area Energy, Inc.,
January 30, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for March on the NYMEX ended $ 0.159 lower Friday to settle at $ 4.417 per MMBtu, www.capitolareaenergy.com
capping the biggest monthly drop since July, as layoffs and factory closures signaled reduced industrial
demand. Caterpillar said it will fire 2,110 factory workers at three manufacturing plants in Illinois. The NATURAL GAS PRICES
firings are in addition to the 20,000 workers Caterpillar said it planned to cut on January 26th. Industrial
users account for about 29% of US demand. Natural gas prices dropped 21% last month, the biggest NYMEX Last Change
decline since prices fell 32% in July. Prices are down 68% from the 2008 high of $ 13.694 reached in Mar 08 4.42 -0.16
July. The US economy shrank 3.8% in the 4th quarter, the most since 1982, as consumer spending
recorded the worst slide in the postwar era. Economists forecast the economy will keep contracting in 03 Month Strip 4.50 -0.16
the first half of this year. The unemployment rate is likely to rise to 8.4% by the end of the year, 06 Month Strip 4.65 -0.14
compared to 7.2% in December. Dow Chemical delayed completing its planned $ 15.4 billion purchase
of Rohm & Haas because of the global economic crisis. Both companies have announced job cuts and 12 Month Strip 5.25 -0.14
the idling of plants as the world economy shrinks. The chemical industry accounts for 36% of industrial 18 Month Strip 5.60 -0.12
usage of natural gas. A winter storm will bring below-normal temperatures from the Midwest through
the Southeast late this week. Last week, the EIA reported a storage withdrawal of 186 Bcf, somewhat
more than was expected, compared to a withdrawal of 240 Bcf a year ago. The report also showed that
total storage levels of 2.374 Tcf are now 29 Bcf above the 5-year average. For this week, look for a Feb. 2009 GAS PRICES
withdrawal of about 110 to 120 Bcf. For this week, major resistance is seen at $ 6.735, with minor at $ Point Price
4.470, while major support is seen at $ 3.695 and minor at $ 4.355.
NYMEX 4.476
NYMEX HISTORICAL NATURAL GAS PRICES Houston Ship Channel 3.86
2005 2006 2007 2008 2009 Waha Hub 3.30

15.00
EIA GAS STORAGE
10.00 Region Bcf Change
East 1,212 -131
5.00
West 354 -7

0.00 Prod 808 -48


J F M A M J J A S O N D
Total 2,374 -186
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17 ◄ LINKS ►
2008 7.17 7.99 9.83 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89 If you are interested in receiving
2009 6.14 4.476 electricity bids, simply complete
our Letter of Authorization and
fax it back to 512-266-4712.
Click Here!
Crude Oil Falls on Concern Economic Slump Will Hurt Fuel Demand
LETTER OF AUTHORIZATION
By Grant Smith and Christian Schmollinger-Feb. 2 (Bloomberg) -- Crude oil fell on speculation
a deepening economic contraction in the U.S., the world’s biggest energy consumer, will If you are currently under
cause the slump in fuel demand to worsen. Crude fell the most in four days before a report contract and would like
by the Institute of Supply Management forecast to show U.S. manufacturing shrank in notification of natural gas or
January at the fastest pace in 28 years. The report is due later today. The United Steelworkers electricity rates, please sign up
to receive future prices.
union is considering strike actions that may affect 8.7 percent of U.S. refinery capacity. “It’s
weak demand,” said Eugen Weinberg, a Commerzbank AG analyst in Frankfurt. “Availability Click Here!
of crude will be higher should the workers walk out. The buildups should continue and maybe NATURAL GAS &
even accelerate.” Crude oil for March delivery fell as much as $1.42, or 3.4 percent, to ELECTRICITY SIGN UP
$40.26 a barrel in electronic trading on the New York Mercantile Exchange. Oil was at $40.48
a barrel at 10:57 a.m. London time. New York futures traded at a discount of $4.34 a barrel
MCPE AVERAGE
to Brent crude contracts in London, the biggest since the previous Nymex expiry on Jan. 20.
Brent crude oil for March settlement fell as much as $1.48, or 3.2 percent, to $44.40 a barrel ERCOT Ave Change
on London’s ICE Futures Europe exchange. New York futures fell 10 percent last week and Houston 28.75 -3.23
are down 73 percent from the record $147.27 a barrel on July 11. Still, prices have 28.75
North -3.23
rebounded from a four-year low of $32.40 reached Dec. 19 as the Organization of Petroleum
Exporting Countries implements a record supply reduction. West 28.75 -3.23

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Capitol Area Energy, Inc.,
February 6, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for March on the NYMEX ended $ 0.132 higher on Friday to settle at $ www.capitolareaenergy.com
4.774 per MMBtu, as traders took advantage of low prices to buy back contracts ahead of the
weekend. Despite gloomy economic data that has sparked concerns about declining NATURAL GAS PRICES
demand, many traders believe prices have too sharply. The economic downturn has cut NYMEX Last Change
industrial demand as large consumers cut costs and rein in production. The Labor
Department reported Friday that employers eliminated 598,000 jobs in January, the most Mar 08 4.77 0.13
since the end of 1974 and far surpassing the 524,000 economists had expected. The 03 Month Strip 4.93 0.13
unemployment rate jumped to 7.6%, the highest since September 1992, up from 7.2% in 06 Month Strip 4.99 0.03
December. The National Weather Service was predicting above-normal temperatures in the
12 Month Strip 5.52 0.10
eastern states through February 15th, but below-normal temperatures across most of the
nation from February 13th to February 19th. Last week, the EIA reported a storage withdrawal 18 Month Strip 5.81 0.08
of 195 Bcf, about what was expected, compared to a withdrawal of 221 Bcf a year ago. The
report also showed that total storage levels of 2.179 Tcf are now 17 Bcf above the 5-year
average. For this week, look for a withdrawal of about 150 to 160 Bcf. For this week, major Feb. 2009 GAS PRICES
resistance is seen at $ 6.550, with minor at $ 4.835, while major support is seen at $ 4.350
and minor at $ 4.710. Point Price
NYMEX 4.476
NYMEX HISTORICAL NATURAL GAS PRICES Houston Ship Channel 3.86
2005 2006 2007 2008 2009 Waha Hub 3.30

15.00
EIA GAS STORAGE
10.00 Region Bcf Change
East 1,087 -125
5.00
West 337 -20

0.00 Prod 758 -50


J F M A M J J A S O N D
Total 2,178 -195
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17 ◄ LINKS ►
2008 7.17 7.99 9.83 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89 If you are interested in receiving
2009 6.14 4.476 electricity bids, simply complete
our Letter of Authorization and
fax it back to 512-266-4712.
Click Here!
Crude Oil Rises on Speculation Stimulus Plan to Revive Demand
LETTER OF AUTHORIZATION
By Alexander Kwiatkowski, Feb. 9 (Bloomberg) -- Crude oil rose above $40 a barrel on
speculation a U.S. stimulus plan will revive demand in the world’s largest energy consumer. If you are currently under
Oil rose before a vote by Senate and Congress on President Barack Obama’s economic contract and would like
notification of natural gas or
stimulus package of at least $780 billion. Lawmakers are more than 90 percent agreed on
electricity rates, please sign up
its contents, Lawrence Summers, director of the National Economic Council, said yesterday. to receive future prices.
Crude also gained as the dollar dropped against the euro, increasing the appeal of
Click Here!
commodities as an inflation hedge. “The market is becoming more confident that the
infrastructure packages, which are probably going to be approved this week, will have some NATURAL GAS &
effect,” said Eugen Weinberg, a Commerzbank AG analyst in Frankfurt. Oil for March delivery ELECTRICITY SIGN UP
rose as much as 38 cents, or 1 percent, to $40.55 a barrel in electronic trading on the New
York Mercantile Exchange. The contract traded at $40.42 at 10:28 a.m. London time. Brent MCPE AVERAGE
crude oil for March settlement rose as much as 35 cents, or 0.8 percent, to $46.56 a barrel
ERCOT Ave Change
on London’s ICE Futures Europe exchange. It was at $46.55 a barrel at 10:13 a.m. in London.
Houston 20.82 -4.14
North 20.82 -4.48
West 20.82 -3.97

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Capitol Area Energy, Inc.,
February 16, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for March on the NYMEX ended $ 0.033 lower Friday to settle at $ 4.452 www.capitolareaenergy.com
per MMBtu, ahead of President’s Day holiday weekend. Natural gas futures may rise in the
days ahead on speculation lower temperatures this week will spark higher demand, a recent NATURAL GAS PRICES
survey showed. Nine of twenty one analysts in the survey, or 43%, said prices will rise this NYMEX Last Change
week. Seven, or 33%, said prices would fall. Five others predicted little change. Natural gas
futures for March fell 6.7% last week to $ 4.452. Natural gas prices have declined in five of Mar 08 4.45 -0.03
the past six weeks. Below-normal temperatures are expected to push into the Midwest today 03 Month Strip 4.49 -0.04
and stretch to the New York. The low in Chicago may dip to 11 degrees. Low temperatures 06 Month Strip 4.65 -0.05
through most of Alberta, Saskatchewan and Manitoba in western Canada are forecast to
12 Month Strip 5.21 -0.06
average about minus 24 Celsius today. A private forecasting company is predicting below-
normal temperatures across the eastern two-thirds of the nation through February 26th. The 18 Month Strip 5.53 -0.06
National Weather Service is forecasting below-normal temperatures along the East Coast and
Great Lakes this week. Last week, the EIA reported a storage withdrawal of 159 Bcf, less
than they expected, compared to a withdrawal of 143 Bcf a year ago. The report also showed Feb. 2009 GAS PRICES
that total storage levels of 2.02 Tcf are now 24 Bcf above the 5-year average. For this week,
look for a withdrawal of about 135 to 145 Bcf. For this week, major resistance is seen at $ Point Price
6.450, with minor at $ 4.530, while major support is seen at $ 4.290 and minor at $ 4.445. NYMEX 4.476
  Houston Ship Channel 3.86
NYMEX HISTORICAL NATURAL GAS PRICES
Waha Hub 3.30
2005 2006 2007 2008 2009

15.00 EIA GAS STORAGE


Region Bcf Change
10.00
East 972 -115

5.00 West 327 -7

Prod 721 -37


0.00
J F M A M J J A S O N D Total 2,020 -159

2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
◄ LINKS ►
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
If you are interested in receiving
2008 7.17 7.99 8.93 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89
electricity bids, simply complete
2009 6.14 4.476 our Letter of Authorization and
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Click Here!
Crude Oil Trades Near $37 on Slowing Global Demand for Fuels
LETTER OF AUTHORIZATION
By Ayesha Daya and Christian Schmollinger-Feb. 17 (Bloomberg) -- Crude oil traded near $37
a barrel in New York on speculation a deepening recession in Europe and Asia will stifle If you are currently under
demand for fuels. The U.K. may face an economic contraction in the first quarter equal to contract and would like
last quarter’s 1.5 percent decline, the Bank of England said yesterday. Industrial energy notification of natural gas or
consumption in Germany, Europe’s largest economy, grew less than expected last year. electricity rates, please sign up
to receive future prices.
Japan, the world’s third-largest oil user, yesterday said its economy shrank the most since
1974 in the fourth quarter. “The oil price is reacting to the doom-and-gloom,” said John Hall, Click Here!
managing director of U.K.-based consultant John Hall Associates Ltd. “The U.K., U.S., Asia and NATURAL GAS &
the Eurozone are all contracting at a faster rate than oil is being produced, and the world is in ELECTRICITY SIGN UP
a strong place in terms of oil stocks.” Crude oil for March delivery traded at $37.23 a barrel,
down 0.8 percent from its close on Feb. 13, in electronic trading on the New York Mercantile
MCPE AVERAGE
Exchange at 10:24 a.m. in London. Floor trading was closed for the Presidents’ Day holiday in
the U.S. and yesterday’s transactions will be booked today for settlement. The March Nymex ERCOT Ave Change
oil contract expires on Feb. 20. The more actively traded April contract was at $41.15 today, Houston 30.97 0.15
down 82 cents from last week’s close. 30.97
North 0.24
 
West 30.97 -1.48

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Capitol Area Energy, Inc.,
February 20, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for March on the NYMEX ended $ 0.072 lower Friday to settle at $ 4.006 per MMBtu, www.capitolareaenergy.com
after falling below $ 4 for the first time in more than six years as the worsening recession cuts industrial
demand. Consumption of natural gas by manufacturers has dropped as they shut factories. General NATURAL GAS PRICES
Motors closed most its of its 22 plants in North America last month. Dow Chemical and Caterpillar have
also idled production. About 29% of natural gas demand comes from industrial users. Natural gas NYMEX Last Change
futures have declined 29% the year and are down 71% since reaching $ 13.694 in July. The Federal Mar 08 4.01 -0.07
Reserve dropped to minus 41.3 this month from minus 24.3 in January. Negative numbers signal an
economic contraction. Consumption by factories and power generators, the biggest gas consumers, 03 Month Strip 4.06 -0.07
may drop 5.1% this year, the EIA said. Industrial demand may be off 25%. Steel mills in the US 06 Month Strip 4.21 -0.07
operated at 45.4% of capacity last week, down from 91.6% a year ago. US Steel said it halted
production at two plants making steel at it’s lowest need for the oil and gas industry and laid off 1,200 12 Month Strip 4.77 -0.06
workers. Stock markets and crude oil fell amid speculation that economic stimulus from governments 18 Month Strip 5.10 -0.05
won’t prevent the recession from worsening. The grim facts for natural gas are contained in the
contracting demand, a consequence of the faltering economy and mild weather. Storage may end the
heating season at 1.5 Tcf, 11% above the five-year average. Last week, the EIA reported a storage
withdrawal of 24 Bcf, much less than expected, compared to a withdrawal of 157 Bcf a year ago. The Feb. 2009 GAS PRICES
report also showed that total storage levels of 1.996 Tcf are now 155 Bcf above the five-year average. Point Price
For this week, look for a withdrawal of about 60 to 70 Bcf. For this week, major resistance is seen at $
6.285, with minor at $ 4.040 while major support is seen at $ 3.770 and minor at $ 3.965. NYMEX 4.476
Houston Ship Channel 3.86
Waha Hub 3.30
NYMEX HISTORICAL NATURAL GAS PRICES

2005 2006 2007 2008 2009


EIA GAS STORAGE
15.00 Region Bcf Change
East 947 -25
10.00
West 312 -15

5.00 Prod 737 16

Total 1,996 -24


0.00
J F M A M J J A S O N D

2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18 ◄ LINKS ►
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
If you are interested in receiving
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17 electricity bids, simply complete
2008 7.17 7.99 8.93 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89 our Letter of Authorization and
fax it back to 512-266-4712.
2009 6.14 4.47
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LETTER OF AUTHORIZATION

If you are currently under


Crude Oil Rises as Dollar Drops, OPEC Signals Resolve to Cut contract and would like
By Grant Smith-Feb. 23 (Bloomberg) -- Crude oil rose as the dollar slipped the most in a month against notification of natural gas or
the euro, heightening the appeal of commodities as an inflation hedge, and as OPEC signaled its resolve electricity rates, please sign up
the trim output. The Organization of Petroleum Exporting Countries may decide to make another to receive future prices.
production cut should oil prices continue to fall, Chakib Khelil, the Algerian oil minister and former OPEC Click Here!
president, said yesterday. The U.S. currency declined for a third day versus the euro, the longest losing NATURAL GAS &
streak this year. “OPEC is under strong pressure to cut again in order to stop a worldwide build-up in
inventories,” said Gerrit Zambo, an oil trader at BayernLB in Munich. “The dollar-oil correlation is still ELECTRICITY SIGN UP
there. The stronger euro we see today is going hand-in-hand with higher oil prices.” Crude oil for April
delivery gained as much as 77 cents, or 2 percent to $40.80 barrel, in electronic trading on the New MCPE AVERAGE
York Mercantile Exchange. The contract traded for $40.55 at 9:36 a.m. London time. The dollar fell on
speculation the U.S. government may increase its stake and end up holding as much as 40 percent of ERCOT Ave Change
Citigroup’s common stock, the Wall Street Journal reported. A decline in the U.S. currency typically Houston 21.65 -0.96
prompts investors to buy commodities as an inflation hedge. The dollar dropped to $1.2851 per euro
North 22.13 -0.48
as of 9:31 a.m. in London from $1.2826 late in New York on Feb. 20. It earlier fell as much as 1.8
percent, the steepest decline since Jan. 26. West 13.13 -9.48

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Capitol Area Energy, Inc.,
March 6, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for April on the NYMEX ended $ 0.143 lower Friday to settle at $ 3.945 per MMBtu, www.capitolareaenergy.com
the lowest price in more than 6 years after a government report showed a decline in employment
signaled further reductions in demand. Consumption of natural gas has dropped as General Motors and NATURAL GAS PRICES
Dow Chemical shuttered plants. The Labor Department reported that February payrolls declined by
651,000. The department revised higher by 161,000 the number of jobs lost in the previous two NYMEX Last Change
months. Natural gas futures have declined 30% this year. The unemployment rate jumped to 8.1%, the APR 09 3.95 -0.14
highest since 1984, according to the government report. Industrial gas consumption in November was
4.3% less than November 2007, and in December demand was down ten percent from a year earlier. 03 Month Strip 4.03 -0.16
Manufacturers account for 29% of natural gas consumption. It is hard to overcome a fading winter, 06 Month Strip 4.20 -0.16
ample supply and severely diminished industrial and commercial demand. Gas produced in the US
surged 7.2% in 2008 from the previous year, contributing to glut. That compares with a 3.1% rise in 12 Month Strip 4.80 -0.13
2007. The number of US natural gas rigs fell by 54, or 5.6%, to 916 last week, the lowest since July 18 Month Strip 5.07 -0.11
2003. The count is down 43% from a September high. Last week, the EIA reported a storage
withdrawal of 101 Bcf, somewhat less than expected, compared to a withdrawal of 157 Bcf a year. The
report showed that total storage levels of 1.895 Tcf are now 199 Bcf above the 5-year average. For this
week, look for a withdrawal of 90 to 100 Bcf. For this week, major resistance is seen at $ 6.180, with March 2009 GAS PRICES
minor at $ 3.990, while major support is seen at $ 3.770 and minor at $ 3.915. Point Price
NYMEX 4.056
NYMEX HISTORICAL NATURAL GAS PRICES
Houston Ship Channel 3.51
2005 2006 2007 2008 2009
Waha Hub 2.87

15.00

EIA GAS STORAGE


10.00
Region Bcf Change
East 793 -83
5.00
West 292 -4
0.00 Prod 708 -15
J F M A M J J A S O N D
Total 1,793 -102
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
◄ LINKS ►
2008 7.17 7.99 8.93 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89
If you are interested in receiving
2009 6.14 4.47 4.06 electricity bids, simply complete
our Letter of Authorization and
fax it back to 512-266-4712.
Click Here!
Oil Rises to Highest in Almost Six Weeks as OPEC Considers Cuts LETTER OF AUTHORIZATION
March 9 (Bloomberg) -- Crude oil rose to the highest in nearly six weeks in New York on
speculation the Organization of Petroleum Exporting Countries will decide to reduce output.
Expectations that OPEC will cut supplies further are leading traders to increase bets on crude If you are currently under
reaching $50 a barrel. The “dramatic drop” in oil prices has been greater than warranted by the contract and would like
decline in global demand, Venezuelan Finance Minister Ali Rodriguez said yesterday. OPEC notification of natural gas or
meets in Vienna on March 15. “The market has seen OPEC is determined,” Johannes Benigni, electricity rates, please sign up
chief executive officer of JBC Energy, said in a television interview from Vienna. “The market is to receive future prices.
not really driven by demand-driven factors. It’s dominated by supply cuts. By June, we’re going to Click Here!
go above $60.” Crude oil for April delivery rose as much as $1.51, or 3.3 percent, to $47.03 a NATURAL GAS &
barrel, the highest intraday price since Jan. 27. It was at $46.62 at 10:20 a.m. in London in ELECTRICITY SIGN UP
after-hours electronic trading on the New York Mercantile Exchange. The contract jumped 4.4
percent to $45.52 a barrel on March 6 after a worse-than-expected U.S. jobless report weakened
the dollar and increased the investment appeal of commodities. “It’s got potential to be through MCPE AVERAGE
$50,” said Peter McGuire, managing director at Commodity Warrants Australia Ltd. in a ERCOT Ave Change
Bloomberg Television interview from Singapore. “When you look at the seasonality, it starts to
Houston 41.67 20.76
rise this time of year. It starts in April, May, through the driving season and into hurricane
season.” North 44.75 22.53
  West -14.59 -12.68

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Capitol Area Energy, Inc.,
March 20, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for April on the NYMEX ended $ 0.053 higher Friday to settle at $ 4.227 www.capitolareaenergy.com
per MMBtu, on speculation declining exploration will reduce supplies and boost prices later
this year. The number of gas rigs operating in the US has dropped 47% to 857 from a peak of NATURAL GAS PRICES
1,606 in September, according to Baker Hughes. The decline signals a 5.2% reduction in NYMEX Last Change
natural gas output in the 4th quarter, according to EIA estimates. Natural gas prices rose
7.5% last week, the highest weekly gain in six weeks. The futures have dropped 25% this APR 09 4.23 0.05
year. Large speculators increased their net-short positions in natural gas futures by 1% to 03 Month Strip 4.32 0.06
115, 187 contracts in the week ended March 17th, CFTC data show. Based on New York cash 06 Month Strip 4.48 0.07
market prices, gas is valued at $ 4.37 per MMBtu compared with $ 7.50 per MMBtu for fuel
12 Month Strip 5.06 0.08
oil, used to heat buildings and run power plants. Last week, the EIA reported a storage
withdrawal of 30 Bcf, about what was expected, compared to a withdrawal of 85 Bcf a year 18 Month Strip 5.31 0.08
ago. The report showed that total storage levels of 1.651 Tcf are now 228 Bcf above the 5-
year average. For this week, look for a withdrawal of about 25 to 35 Bcf. For this week,
major resistance is seen at $ 5.875, with minor at $ 4.370, while major support is seen at $ March 2009 GAS PRICES
3.685 and minor at $ 4.160.
Point Price

NYMEX HISTORICAL NATURAL GAS PRICES NYMEX 4.056

2005 2006 2007 2008 2009 Houston Ship Channel 3.51


Waha Hub 2.87
15.00

10.00 EIA GAS STORAGE


Region Bcf Change
5.00 677 -26
East
West 276 -12
0.00
J F M A M J J A S O N D Prod 698 -8
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
Total 1,651 -30
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
2008 7.17 7.99 8.93 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89 ◄ LINKS ►
2009 6.14 4.47 4.06 If you are interested in receiving
electricity bids, simply complete
our Letter of Authorization and
Crude Oil Rises as Dollar’s Decline Increases Commodity fax it back to 512-266-4712.
Demand Click Here!
By Alexander Kwiatkowski and Gavin Evans-March 23 (Bloomberg) -- Crude oil rose to the highest LETTER OF AUTHORIZATION
in almost four months as the dollar extended its losses against the euro, increasing the
investment appeal of commodities. Oil advanced for a third day as the dollar’s decline improved If you are currently under
the appeal of hard assets as an inflation hedge and made commodities cheaper for non-U.S. contract and would like
buyers. Crude for May delivery jumped 11 percent last week as the U.S. Federal Reserve notification of natural gas or
announced new initiatives to lower interest rates and speculators turned bullish for the first time in electricity rates, please sign up
three weeks. “The recent inclination to bid up commodities as both an inflation hedge and a weak to receive future prices.
dollar play is clearly what is driving the energy market,” Edward Meir, an analyst with MF Global Click Here!
Ltd. in Connecticut, said in a report today. “This approach will ultimately prove unsustainable in the
absence of a rebound in industrial demand.” Crude oil for May delivery rose as much as 83 cents, NATURAL GAS &
or 1.6 percent, to $52.90 a barrel in after-hours electronic trading on the New York Mercantile ELECTRICITY SIGN UP
Exchange. That was the highest since Dec. 1. Futures were at $52.69 at 8:20 a.m. in London. The
contract rose 3 cents to $52.07 a barrel on March 20, taking its gain for the week to 11 percent. MCPE AVERAGE
Prices surged after plans by the Federal Reserve to spend $1.15 trillion buying Treasuries and
mortgage bonds sent the dollar to a 10-week low, making the commodity cheaper for buyers ERCOT Ave Change
outside the U.S. “There’s not much out there that suggests demand is really going to pick up in the Houston 19.25 -2.32
near term,” said Toby Hassall, a research analyst at Commodity Warrants Australia Pty in Sydney.
North 19.25 -2.32
“It will take time to flow through,” and oil may prove vulnerable unless the dollar continues to push
lower, he said. West 19.25 -2.32

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Capitol Area Energy, Inc.,
March 27, 2009

David Babin

NATURAL GAS & ELECTRICITY 5105 Pryor Lane


Austin, Texas 78734
Phone 512-266-4710
NATURAL GAS Fax 512-266-4712
Natural gas futures for April on the NYMEX ended $ 0.316 lower Friday to settle at $ 3.631 www.capitolareaenergy.com
per MMBtu, to the lowest price in more than six years on weakening demand. Natural gas
prices have tumbled 73% from the 2008 high reached last July as consumption contracted. NATURAL GAS PRICES
Incomes in the US fell 0.2% in February, the Commerce Department said. Prices dropped NYMEX Last Change
sharply Thursday after the weekly EIA report showed an unexpected gain in storage levels.
Futures tumbled 14% last week, the biggest one-week decline since August 2007, and are APR 09 3.63 -0.32
down 35% this year. The April contract expired Friday. The EIA has forecast a 5.1% decline in 03 Month Strip 3.75 -0.30
industrial usage of gas for 2009 as the economy shrinks. Baker Hughes said natural gas rigs 06 Month Strip 3.93 -0.29
fell by 47, or 5.5%, to 810, the lowest since April 2003. The count was down 50% from a
12 Month Strip 4.62 -0.26
peak of 1,606 last September. Last week, the EIA reported a storage withdrawal of 30 Bcf,
about what was expected, compared to a withdrawal of 85 Bcf a year ago. The report showed 18 Month Strip 4.97 -0.23
that total storage levels of 1.651 Tcf are now 228 Bcf above the 5-year average. For this
week, look for a withdrawal of about 10 to 20 Bcf. For this week, major resistance is seen at
$ 5.765, with minor at $ 3.830, while major support is seen at $ 3.120 and minor at $ 3.695. March 2009 GAS PRICES
Point Price

NYMEX HISTORICAL NATURAL GAS PRICES NYMEX 4.056

2005 2006 2007 2008 2009 Houston Ship Channel 3.51


Waha Hub 2.87
15.00

10.00 EIA GAS STORAGE


Region Bcf Change
5.00 664 -13
East
West 281 5
0.00
J F M A M J J A S O N D Prod 709 11
2005 6.21 6.29 6.30 7.32 6.75 6.12 6.98 7.65 10.85 13.91 13.83 11.18
Total 1,654 3
2006 11.43 8.40 7.11 7.23 7.20 5.93 5.89 7.04 6.82 4.20 7.15 8.32
2007 5.84 6.92 7.65 7.56 7.51 7.59 6.93 6.11 5.43 6.42 7.27 7.17
2008 7.17 7.99 8.93 9.58 11.28 11.92 13.11 9.21 8.39 7.47 6.47 6.89 ◄ LINKS ►
2009 6.14 4.47 4.06 If you are interested in receiving
electricity bids, simply complete
our Letter of Authorization and
Oil Falls a Second Day on Speculation Demand Will Remain fax it back to 512-266-4712.
Weak Click Here!
By Grant Smith-March 30 (Bloomberg) -- Crude oil declined for a second day as tumbling LETTER OF AUTHORIZATION
equity markets indicated that economic activity and demand for fuel may weaken further.
Global demand remains slack and oil is unlikely to reach $60 a barrel this year, Qatar’s Oil If you are currently under
Minister Abdullah Bin Hamad Al-Attiyah said. Crude also dropped as the dollar strengthened contract and would like
to its highest against the euro in more than a week, limiting the appeal of commodities used notification of natural gas or
to hedge against inflation. “Last week’s break above $50 looks as if it was a false dawn for electricity rates, please sign up
the oil market bulls,” said Christopher Bellew, senior broker at Bache Commodities Ltd. to receive future prices.
“Although OPEC production restraint has tightened the market, there’s still a big overhang of Click Here!
stocks.” Crude oil for May delivery fell as much as $1.98, or 3.8 percent, to $50.40 a barrel NATURAL GAS &
in electronic trading on the New York Mercantile Exchange. The contract traded at $50.52 at ELECTRICITY SIGN UP
10:18 a.m. London time. Prices declined 3.6 percent to $52.38 a barrel on March 27 on
signs of a deepening recession in Europe. Oil climbed 0.6 percent last week, the sixth week of
gains. The MSCI World Index slid 1.5 percent to 812.66 at 8:10 a.m. in London, trimming its MCPE AVERAGE
biggest monthly gain since 2003, as the U.S. government warned that some banks will need ERCOT Ave Change
more aid. New York oil futures have risen 13 percent this month as a slump in the U.S. dollar Houston 21.63 3.70
made commodities cheaper for buyers spending other currencies and increased investor
18.99
demand for a hedge against inflation. North 1.06
  West 20.58 2.65

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