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southacresdave

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southacresdave

Re: None

Thursday, 12/07/2006 1:57:05 PM

Thursday, December 07, 2006 1:57:05 PM

Post# of 173812
Next 4 NG drawdowns from 5yr avg., over the next 4 weeks, are -111bcf, -120, -130, and -100. Somehow, seeing the 14 day forecast from Accuweather, I don't see us drawing down those levels from storage. Next week will be a solid drawdown (based on the cold experienced from last Sunday to this Saturday), but after that?????? Going to be interesting.

If OPEC cuts production (and, as a result, oil goes up some more), I can see the divergence of oil prices vs natural gas prices becoming very wide again.
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