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Gold/Mining/Energy : Big Dog's Boom Boom Room
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Hannoverian
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To: Hannoverian who wrote (183347)4/6/2014 9:08:04 PM
From: JimisJim3 Recommendations  Read Replies (1) of 206151
 
No, no, no... I specifically did not say ng would return to the '80s/'90s price levels. I went out of my way (but I guess I needed to be more clear) to suggest that the price patterns would return to how they were in the '80s/'90s, but with a higher floor... in fact, I suspect that due to the costs involved and the fact that we were running out of conventional ng plays 10 or so years ago that the price curves would actually look more like the 1960s/70s where the price floor slowly rose until we hit a sort of equilibrium (at that time) pt. where the price would spike and fall with weather events... I think we're already seeing the ng price floor slowly rising until we hit another equilibrium pt. -- and we'll see spikes and falls depending on weather again, and indeed, this may be the first weather event as far as the new ng reality is concerned.
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