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Re: nWo post# 10

Friday, 11/23/2012 5:58:55 PM

Friday, November 23, 2012 5:58:55 PM

Post# of 36
I don't doubt the consumption being that much higher... It should continue to grow as the 30+ states with EPA changes to coal burners will be converting to NG even more...

Trick is the production is still higher than consumption even with the increase.

The panic is over for now and prices are stable (the panic being the super high production, they over sold futures)... again, hurt could come in the form of the Canadian pipeline to America (that would topple supplies and start the worst prices in scores - pre mid-70's). I hope Obama was just jive-talking again to match Mitt and not really meaning to make such a bad move for American producers...

The proof, being we were supposed to have hich prices this December... lol... because of increase demand... (but the supply also increased).

It's a con game, they can swing it for a while one way to save face like they did when NG went to 4.70+/Mcf prior to the big fall... lol... So, in other words, they could swing it to 6/Mcf if Winter would arrive if force as that's what the market was expecting... (actually 8/Mcf by one article http://www.forbes.com/sites/richardfinger/2012/07/22/were-headed-to-8-00-natural-gas/print/ )

Ride the tide, watch for tsunamis http://www.tsunami.noaa.gov/ (oh, silly me... wrong tsunami... http://ir.eia.gov/ngs/ngs.html )

OH MY! Haven't looked in a while and the companies have been chocking dry gas wells and killing drilling of them for over a year now ... and did you look? !!!! Production is way, down compared to last year!!! Yeah Ha! (unless they bring down Candian NG)....

Is that enough insight into your question of what I thought about consumption being up 150% last Sabbath?

Mad Money, (CNBC), claims you do no wrong in taking a profit, (so even if it keeps going up you succeeded).

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