Subject: "CES Invoice".

Body: Good news, even better when it happens. My contract at CES, Brian Perrone, just told me CES will pay the invoice we billed them. They still need to reconstruct January. Billing I still need to work on January capacity and sales to CES. I found a significant amount of transport I left out of January. I want to fix the Feb capacity sheet and bill CES tomorrow or Fri for capacity and the scheduling fee. The Feb invoicing should be much cleaner and ready to go out by the 10th.

Subject: "Blakes".

Body: Jim: Here is the background of the "dispute" with Blakes. There is a lot of emotion on both sides. I believe we need Blakes on a going forward basis in Canada. Mark Haedicke

Subject: "fyi: TYZ/TYH ROLL SHOULD NARROW/Roll longs now".

Body: Subject: TYZ/TYH ROLL SHOULD NARROW/Roll longs now Date sent: Mon, 26 Nov 2001 15:24:12 +0000 Recommendation: Roll long TYZs now at 39/32 or roll short TYZ later in week 2 to 3/32 lower. Rationale: The TYZ/TYH roll will be impacted by a number of factors. Most important, we believe, will be changes in the contract's cheapest-to-deliver caused by market movements. Changes in CTD will change the amount of net positive carry that is the primary determinant of the TYZ/TYH roll's value. For example, The TYZ/TYH roll priced using the 6.5% 2/10 has 35.75/32 of net carry, while the roll priced with the 4.7% 11/08 has only 28.5/32 of net carry. |------------+--------+--------+--------|

Subject: "My New Position".

Body:
Dear friends and colleagues, I wanted to inform you that I am leaving Hart Publications shortly to take a position as the Majority Staff Director of the House Subcommittee on Energy and Mineral Resources. The Subcommittee is part of the House Committee on Resources and has jurisdiction over oil and gas development, coal and hard rock mining and geothermal energy development on federal lands including the offshore Gulf of Mexico, Rocky Mountains and Alaska. My last day at Hart is May 10 and I start at the Subcommittee on May 13. I am looking forward to this new opportunity though I have had a great experience at Hart Publications and Hart Downstream Energy Services and I am really going to miss the people I work with here. Hart is really like a family - in the Washington office and in Houston. I can't speak highly enough about the organization and the professional people I have worked with for over eight years. If you want to reach me at the Subcommittee, the number is (202) 225-9297. I believe that my email will be jack.belcher@mail.house.gov <mailto:jack.belcher@mail.house.gov> I look foward to staying in touch. Sincerely,