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Encana Corporation Message Board

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  • manylumen manylumen Aug 22, 2009 1:56 PM Flag

    Natural Gas at 7-year low

    Is there any reason addtional storage wont be made? Actually long term there might be a need for more nat gas storage capacity, because demand will grow. Todays situation is really unusuall. Combined factors like recession, slower oil sands developmnet, and some recent new found nat gas, not to mention years of unusually warm winter and now cool summer could easily go the other way in a year or two. Even the demand for ammonia fertillizer made from nat gas is way down this year. Easy to see long term much higher prices. jmho.

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