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To: Ed Ajootian who wrote (24213)6/29/2003 10:44:00 PM
From: quehubo  Read Replies (2) | Respond to of 206093
 
Ed - Nice article. When was it published? I have no doubt the cycle will rollover sometime. But I think a normal Winter along with NG demand returning from fuel switching and outright demand destruction offers compelling reasons to believe this cycle of 5 months is not over. People may shut down facilities valued at hundreds of million dollars when gas prices are high, but they do not move them overseas until they believe prices are going to be above their maximum permanently.

I do not think we can get to an acceptable NG storage level without demand switching to #2 oil. July will be a good test of this belief.