Savvy Trades and Investments

[researcher59]

It was the very long duration of the Freeport outage that had the impact. A few weeks would not have mattered, but a 250+ day outage at 2 Bcf per day equates to 500 Bcf of reduced demand. So all else being equal we'd now be in a 150 Bcf deficit rather than a 350 Bcf surplus had the outage not occurred. Of course the higher prices would have spurred more production, so it's not that simple, but the lengthy outage sure had impact even though Freeport only represents about 2% of annual domestic demand.

NG, KOLD, BOIL