Natural Gas Futures should scare you shitless if you are short natural gas. It's screaming at you to buy. Don't be confused and think that a little decay (even though current and next month contract will always converge) will erode the near 100% premium people are paying for contracts 1 year out from today. The spot price will move up, without question.
I am quite aware of the contract roll-over effect and it's downward pressure on Natural Gas Prices. Nobody should trade this if they don't understand the effect of time decay in heavily contango-ed futures positions.
However, are you aware that the cycle of capitulating by the front month contract won't last forever? One of the worst roll-over effects was with oil when it went from 36 to 41 from the Dec. to Jan. contract. We know what it has done since.