Platts Energy Bulletin


The daily Energy Bulletin is a showcase of the top headlines posted on
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February 6, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

E Source on Enron: A report from a Jan 29, 2002 telephone conference on Enron
hosted by E Source, the retail consulting division of Platts.
(http://www.platts.com/features/enron/Enronteleconference.shtml)

Quote of the Day: A selection of industry/OPEC viewpoints.
(http://www.platts.com/quote.shtml)

ENERGY INSIGHT:
(for Platts Premium Customers)
The fuel cell push: vision or diversion?
In early January, against a backdrop of futuristic cars and hand-in-hand with
executives from the Big Three automakers, Secretary of Energy Spencer Abraham
said the government would support a new initiative with the long-term goal of
commercializing fuel cell cars. (http://www.einsight.com)


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Futures Round-up

NYMEX: Crude to open lower on bearish stock builds
March crude oil is called to open 5 cts lower at $20.02/bbl. March unleaded
gasoline is called to open 8 pts higher at 58.60 cts/gal and March heating oil
is called to open 4 pts lower at 53.65 cts/gal.

IPE Brent Focus: IPE Brent crude unfazed by bullish API statistics
By 1113 GMT front-month March had nudged 6 cts higher to trade at $19.62/bbl, 2
cts shy of the day's low, while April stood at $19.91/bbl, 8 cts higher.
February IPE gasoil futures traded at $166.25/mt, up $1.50/mt on the day.



News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

OIL:
Low oil prices to shrink Saudi Arabia GDP in 2002: bank
Saudi Arabia's oil-based economy is expected to contract by 2% in 2002 as a
result of lower oil prices but this decline in real GDP is expected to be offset
by continued strong growth in the non-oil sector, the Saudi-American Bank said
in its latest report. (http://www.platts.com/archives.shtml#58634)

NATURAL GAS:
French socialists decide against EdF, GdF privatization
French socialists have adopted a text against privatization of state energy
companies Gaz de France and Electricite de France, the socialist party said
Wednesday. (http://www.platts.com/archives.shtml#58636)

PETROCHEMICALS:
US ethylene contract talks intensify for Jan/Feb
The US ethylene contract for January, widely expected to be settled by Feb 5,
remains unsettled. (http://www.platts.com/archives.shtml#58617)


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products and services needed worldwide by companies involved in the generation
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change their product/service offerings.


ELECTRIC POWER:
Enron's Argentine gas, power trading on block
Reversing an earlier stance, Enron is putting up for sale its Argentine natural
gas and power trading operations, along with a gas-fired power plant, the
president of Enron Argentina, Federico Verisoli, said Feb 5.
(http://www.platts.com/archives.shtml#58613)

NUCLEAR:
Nevada steps up anti-Yucca Mt repository campaign
Sound science does not suggest the proposed repository site at Yucca Mountain,
Nevada, is suitable, Nevada Governor Kenny Guinn said in a Feb 4 letter to
Energy Secretary Spencer Abraham. (http://www.platts.com/archives.shtml#58610)

COAL:
US DTE ups capacity at River Hill
DTE River Hill LLC, the DTE Energy affiliate that owns a synfuel plant in
Clearfield County, Pensylvania, has been approved by the state of Pennsylvania
for a big increase in plant production.
(http://www.platts.com/archives.shtml#58618)

To see the past five day's headlines posted on platts.com
go to Platts archives (http://www.platts.com/archives.shtml).


Upcoming Events:

?Grid Business: The Midwest,? an Electrical World Roundtable in cooperation with
R.J. Rudden Associates and the United States Energy Association. March 20-21,
2002, in St. Louis, Missouri.
(http://www.platts.com/gridbusiness/index.html)

?Navigating the Perfect Storm: Charting Power Generation Success,? the 17th
Annual Global Power Markets Conference. March 24-26, 2002, in New Orleans.
(http://www.platts.com/electricpower/GPMConf2002/index.shtml)



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