Not in the northeast where most NG is consumed...need horrific weather...it's been very very warm in NYC all year..
Middle East is feeling the pain, as is the rest of the world....oil must go up...and very soon.
watch..next 2 months..UP,UP,UP!!!!!!!!!!!!!!!
shorts better get out...oil is going to rise fast...
But with OPEC now pumping full tilt, the cartel is effectively maxed out. As U.S. output heads lower, supply on a global basis is tilted to the downside.
If demand rises another 1.5 million barrels per day or more in 2016, that could finally shift the oil market into a deficit, lowering inventories and sending prices spiking.
The International Energy Agency expects demand to begin outpacing supply in the second half of next year. If that happens, prices must rise high enough to spur renewed investment in oil wells, particularly in the U.S., where new production can come online relatively quickly.
Pira Energy Group, a firm highly regarded for its energy price forecasts, says that it takes nine months for U.S. companies to bring new production on stream once it becomes profitable to drill again.
Analysts have a wide range of opinions on what price level will be required to incentivize U.S. oil companies to invest in new wells again. Pira suggests that oil will climb to $70 by the end of 2016 to encourage producers to drill. That would be a whopping 75% increase in prices from current levels near $40.
this will go bankrupt..just nervous shorts realizing that their bottom is in..BUY
this is a strong, strong buy at these prices....panic selling ensued...now time for cooler heads to prevail.
very soon...and shorts will go into shock.
watch it happen...they should get out now..made their money.
Over $15 next year...easy
Great buy at these prices..ignore BK talk...amateurs..
sleeve...why do you think we have such big insider buying....