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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: jim_p who wrote (24243)7/1/2003 7:20:25 PM
From: energyplay  Read Replies (3) of 206098
 
One thing that occurs to me is that for the next cycle, it will not be obvious where the bottom is for the natural gas price.

Easy to see that $6.50 brings demand drop and accelerates drilling.

But is the bottom at $3.80 or $4.50 or even at $5.00 ?

With the faster decline rates, a slow down in drilling could end any surplus quickly.
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