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To: cyesp who wrote (93000)11/2/2007 1:14:11 PM
From: Tommaso  Respond to of 206325
 
What are NG well-head prices right now? I used to get that information in an email every day but they seem to have stopped coming.

OK I see that wellhead prices are around $6.50, maybe $7.00 now. Take your upper ratio and that implies a crude oil price of $65 to $70 whereas crude is hitting about $95. Looks like either gas is too low or crude is too high. I think the imbalance could last a while, though I imagine every steam and generating plant, anything that has switchable fuels, is changing to gas as I write.