Projections For Next 3 EIA Supply Reports: Pattern Shift On the Way
At what point to you predict the lower rig count will cause production to finally start declining meaningfully. I assume it hasn't yet because of wells already drilled that are now getting hooked up to pipelines. But maybe next quarter we will finally see production start to decline?? This is when i would think the move to 4.50 or 5.00 could occur when it becomes apparent we need to start drilling or run out of natural gas in 2014 if cold winters come.