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Re: jdgpro post# 3497

Tuesday, 03/22/2011 8:48:16 PM

Tuesday, March 22, 2011 8:48:16 PM

Post# of 12369
you might be right after all.

i started looking into it and thought that according to the fact that a million cubic feet of gas is equal to 1 mmbtu all i had to do is multiply 3.5 million times the cost of one mmbtu which is around 3.85 to 4 dollars.......unless its the futures contract in april 2015 in which case its $6 per mmbtu......and i was scratching my head that this just doesnt make sense.....and then i found this article which explained my folly on the very first sentence.
http://www.natgas.info/html/natgasunitsconversion.html