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To: russet who wrote (1610)10/3/2001 6:38:31 PM
From: stan_hughes  Respond to of 11633
 
russett - I don't see much confusion myself. I respect your opinions, so let me be clear about what my views are. Simply put, I believe that:

(a) NG will go lower, maybe a lot lower, before it goes higher, an opinion shared by the sources in that article
(b) I believe this winter is already a write-off for NG because of the high storage levels. I think those sources have the same view
(c) when it comes, I don't think the rebound will be very swift, unlike the positive thinking gentlemen in that article

I seemed to have touched a bit of a nerve with the gas longs around here. I find that unusual because I don't hold any emotional investment in the price of gas, I could care less whether it's going higher or lower as long as I'm positioned in the right direction. Right now I think we're still on the way down - you obviously don't - that's all there is to it.

Last but not least, I said I was prepared to shelve the debate and wait for the markets to judge who was right or wrong. And that's still what I'm going to do.