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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (91094)	9/25/2007 10:31:47 AM
From: 1coolpiglet	Respond to of 206133

Ed, it really has been a long time since NG prices were under RFO, during winter, for any significant period of time. Last year they were marginally under for about one and a half weeks when the warm first half of January kicked in and it looked as if storage was headed for a 2000bcf end. But as you pointed out, it didn't expire that way. The "soft ceiling/soft floor" analogy fits well. As far as I am aware, the approximately 1.5bcf switching number holds true no matter the weather. Maybe there is some minor week-to-week variation based on the weather, but the number was calculated based on many months of data aggregated.