food for thought, gas glut in us gone with the cold snap. linked from another forum, but this line got me interested.
''I believe natural gas production is in terminal decline in the US and Canada and this will lead to progressively higher prices over the next several years due to the maturity of the natural gas producing basins in both countries. Based on the heating season ending storage level of approximately 1,400 bcf, I am looking for natural gas prices to rebound from their recent weakness and establish a new floor of over $7.00 per mcf by mid-year. Barring a complete collapse of the US economy, which is not out of the realm of possibilities given the tumultuous nature of our economic times, I see storage levels for the fall of 2010 being significantly below those established in the fall of 2009. This situation will lead to $10.00 per mcf gas prices by the end of 2010 and set the stage for total chaos in the gas market in 2011. I believe we have entered a period where a lack of market recognition of the rapidly improving fundamentals of the natural gas market has created some great investment opportunities.''
