Today's glut will not last long, becausethe average life of gas servoirs are very short compared to oil reservoirs.
The price is very near all time low and will have no way to go but up.
I have been accumulating UNG for over a year and will continue to add to my positions while selling out of the money call options for income!
Almost every claim made here is incorrect (near all time low - that's laughable, NG was below $2 for most of it's history until the last few years). NG may get back to $5 in 3 years, but much beyond that is out of the question. There is simply too much production and no way to export (other than pipelines to Mexico) currently.
It seems the supply of optimists is inexhaustible as we have been seeing the same statements on this board for about the last 5 years.
Well of course, except for yours.......... LMAO!!!!!!!!!!
You are on record that Nat Gas May Get back to $5 in 3 years but will not go any higher.
What if , when the 'Impotent One' either gets termed out or gets thrown out and Nat Gas is utilized as a Transportation Fuel?
And there are many other things that will cause nat gas prices to rise well above $5, but you keep reading your bible on Peak Oil..........
Did you know the World is Dying? It is you know, The Earth as we know it has PEAKED and you are doomed............. LMAO!!!!!!!!!!!!!