weekly storage withdrawal beats expectations

by about 15% i do believe

jan contract already up over 30 cents

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Permalink Reply by Scott on December 17, 2009 at 6:21
207 bcf withdrawl. Looks like the cut back in rigs my be finally taking effect along with bitter cold temps in the Midwest and Northeast. This is the 2nd straight weekly storage that the market estimates were way off. Could this be the trend us gas bulls have been waiting for? I guess only time will tell. Look for another huge withdrawls in the coming weeks with this sustained cold snap with no end in sight.
Permalink Reply by Scott on December 17, 2009 at 6:59
No kidding. I love that Al Gore had to eat his own words trying to quote a scientist that eventually came out and said he said no such thing.
Permalink Reply by Scott on December 17, 2009 at 6:22
207 bcf withdrawl. Looks like the cut back in rigs my be finally taking effect along with bitter cold temps in the Midwest and Northeast. This is the 2nd straight weekly storage that the market estimates were way off. Could this be the trend us gas bulls have been waiting for? I guess only time will tell. Look for another huge withdrawls in the coming weeks with this sustained cold snap with no end in sight.

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