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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (96531)2/7/2008 10:11:46 PM
From: Ed Ajootian  Read Replies (2) of 206202
 
We are now within a whisker of what I will call the "updated" 5 year average of gas in storage for this week. The "updated" 5 year average is obtained by lopping off the '03 storage figure for this week and adding in this year's storage figure. '03 clearly was an aberration and is distorting the 5 year average.

The "updated" 5 year average for Week 6 is 2,057 BCF, and we are at 2,062 BCF. So we are neutral now, and the production drops from the lower Canadian rig counts haven't even started to really kick in yet.
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