Natural gas...super high heating bills now hitting
in February after cold blasts drove
up demand in January...
Domestic heating bills are based
on peak demand pricing and not the
future's market pricing...
Last week the U.S. natural gas liquid
exports were up over last year in the
weekly inventory report from EIA...
And natural gas price in future's market
still kept dropping...
Money in motion moved into oil future's
driving up that price even with seasonal
low demand, so the natural gas pricing
is left trying to suck hind tit...
Money flow should bounce back into
N G for a day or two if oil price retreats,
but hard to count on it lasting...
A lot of oil traders seemed to have bit on
that ground hog predicting early spring...
Easy reason for oil price rising out of the
blue with winter still present and accounted
for in many areas...
I really don't think the consumer prices
benefit from El Nino as much as the
hype is out there...
Sure didn't in our bills for January...
Inflation, very low refinery activity is
driving up gasoline prices and not the oil
price trailing it...that is known...
So we watch...LJ
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