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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: sea_biscuit who wrote (90274)	1/8/2008 9:48:10 PM
From: dave9	Read Replies (1) of 110194

There is more NG is storage than the last 5 year average. Usage is down with this relative mild winter. Also, noting that the gas in storage is used up with a over stressed economy (running NG fed electrical generators trying to keep up with the power demand). We are not exactly going to have peek electrical demand with a recession. " Working gas in storage is well above the 5-year average for this time year, indicating a ready supply source to meet peak demand as the winter heating season progresses." from tonto.eia.doe.gov You should keep up with the above site. Earlier in the season the reserves basically filled up with the max amount of NG it will hold. I am not sure if that is true but the amount in storage is larger than the last 5 year average and some wells were shutting down. NG is going to stay low for a while. Relatively low that is. Oil will follow when we all get laid off and don't drive as much.

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