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To: Looking for Diogenes
Very good!

So El Paso represents 47% of the 7000 MMcf/d capacity coming into California, and 210 MMcf/d of 7000 MMcf/d is 3% !
I don't see how that could cause the increase that California claims!

36 posted on 09/24/2002 7:39:38 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
There was a withholding of 696 MMcf/d. 696/7000 is 9.9%. I'd consder that significant in a very tight market. (The 210 MMcf/d that was witheld was just the portion due to running the pipeline below MAOP, other causes make up for the other 486 MMcf/d).

California officials said the firm's price manipulation cost consumers $3.7 billion.
I wonder how they arrived at that number.
38 posted on 09/24/2002 7:57:50 PM PDT by Looking for Diogenes
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