And there is a thing called inflation.I don't care how much excess in ng there is, it's priced in.
Natural gas was $1.76 in 2001.Natural gas was $1.85 in 2002.Why you need to go back to 1980?
Production cost in 2001(according to Credit Suisse) was less than half of what is now.Don't be stupid.And those were the lows. We're lower when comparing to production cost now.
In 1999 oil was 16.56 or 21.12 inflation adj. so whats the point. Those prices mean nothing to todays prices, just as historical prices for ng.
How strong was US dollar in 2001 and 2002 compare to other world currencies? :-)
How strong was US dollar in 1980 to other world currencies? :-)