No chatter on site about increase of price of gas last 2 days...are we all just holding our breath afraid to talk about it?  Can it climb to over $3 this week?  Who wants to guess?

Views: 1503

Reply to This

Replies to This Discussion

KOH, the only thing that matters is the final expiration price of the May contract on Thursday afternoon.

thanks  will try to remember that  ...but still it makes ME feel better to see it go up instead of down on daily markets.

I'm hoping the hot temps out west and nor’easter in NE along with maybe lowered production has something to do with it....but it's probably simple speculators driving the ups and downs.

 

i wouldn't want anyone to get their hopes up.

We can only relax and look forward with hope to 2014 and beyond.

With today's technology and production...NG prices will never be high until it's marketed in huge amounts...such as for transportation....but then that would hurt petroleum prices..which are the same producers who drill for Nat Gas..kind of a catch 22...huh?

PG, petroleum prices will never be impacted by natural gas since demand for petroleum is global in nature.

 

By the way the best hope for increased demand for US natural gas is power generation and exports.  But there are political and environmental groups that working to stop that growth opportunity. 

I'm gonna guess today's EIA storage injection of natgas to be sub 30bcf which is the reason for the upward movement.

Parkdota, storage injection was at 47 Bcf.

Check out sesports post "2011 State of Markets". 

Looks like NG will be low for awhile.

Max, insiders view is it will take at least 2 cycles (2012/2013 & 2013/2014) to get storage levels back to more normal levels.

It closed at $2.29 today..I think it will continue to rise ...as the herd thunders ahead. 

Something is going to happen soon.   Hold on to your money for couple more weeks ..see how it falls out.

RSS

Support GoHaynesvilleShale.com

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service