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Alpha Natural Resources, inc. c Message Board

  • brawn412 brawn412 Mar 21, 2013 11:08 AM Flag

    NG Storage

    The NG withdrawl for March 9-15 was 62 leaving NG storage at 1876

    The next withdrawl, for March16-22 will be considerable larger, somewhere around 100 leaving NG storage about 1775.

    If the weather forecasts for March 23-29 hold, the withdrawl for that week will be somewhere around 75-80. At that time NG storage will be about 1700 - considerably below the average storage for the past 5 years which is about 1750. Natural gas should then be somewhere between $4 - $4.50 with little hope of a significant retreat in NG prices.

    Maybe then the lemmings will rethink their brainless mantra of 'cheap and abundant' natural gas and recognize that NG is neither cheap nor abundant.

 
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