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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: quehubo who wrote (98053)3/17/2008 9:51:58 AM
From: Sharp_End_Of_Drill  Read Replies (1) of 206338
 
Quehubo, the argument that LNG cargos would go elsewhere was valid when gas was in the $6 to $8 range. Now that gas for summer months has hit north of $10 it doesn't pan out anymore.

We may finally be getting a break in the speculative run, June is down to $9.80 now from as high as $10.25 yesterday night.
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