STORAGE down only 11b's this week price plummets to $4.10 UGH!!

Difficult pill to swallow, meanwhile pray that DR. obama's HC bill will lack the votes.  I sure do hope price will not fall too far below $4.00 But prices has dropped around 3 cents per day since February 24th when it was $4.87.

Views: 29

Reply to This

Replies to This Discussion

lethal. Agree with the UGH! and do not expect for nat gas to stay above $4 the remainder of the year. I don't see any relation of the subject to the HC Bill. An Energy Bill is what we need.
Gas prices are not forcasted to improve until the economy and unemployment improves. Not enough anticipated use/demand from industry sector. The HC bill would further depress the economy if implemented due to the impact on small businesses and ultimately the states; however if passed it will likely be tied up in the courts which could lessen the blow shorterm.

Not just any Energy Bill, the right energy bill. The wrong one would be worse where we are now. Keep in mind which group has recently voiced their desire to gut the oil companies and to nationalize it.
I am also in the core, we should be insulated from many "unknowns."
Excess supply is the best advertisement for NG (IMHO).

Not good for us short term but it will hopefully increase demand long term.
agreed. what we really need is some NG-friendly legislation, i think we'll end up getting it one way or another.

i had hoped for some more cold weather to keep things propped up short term but that's mother nature for ya. oh and massive short positions from some major investment banks and hedge funds, but i digress.

at least we didn't fill up storage last year like everyone was saying.

here's to keeping it above tree fitty at least.
+1 for SP reference! silly double albums.

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