reasons for increased gas prices short term demand growth decline in production us and canada exports to mexico problems on financial side of the industry other energy sectors high oil inadequate infrastructure market perception these factors deutsche bank banc alex brown 15 new baseload electric plant costs long run with 3 20 1 mmbtu coal 10 30 40 50 60 70 pcc env low clean fb ccgt nuclear source estimates lev e l i z ed po w r c o s t m h fuel o&m capital 42 44 46 48 52 54 1998 2001 2007 est domestic natural bcf per day flat rig count up versus 0 1990 1991 1992 1993 1994 1995 1996 1997 1999 2000 year p od uc b f d a y 100 200 300 400 500 600 700 800 900 1000 ver g acto ve