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

To: tradingfaster123 who wrote (121827)	6/22/2009 8:03:56 AM
From: Ed Ajootian	Respond to of 206347

tf123, thanks for the Canadian info, that's helpful. It would seem that news reports of Canadian gas being shut in because of full storage there (and not a high enough price here) would be detrimental to the price of US natty. It would be great if industrial demand started to recover. In my mind this is the key thing that is needed to get the price back up on a sustainable basis. Production shortfalls (and/or reduced Canadian imports) would help for awhile but not in the long term. Here we are approaching the 1 year anniversary of the peak in rig count, yet we are producing the same amount of gas as we were last year. I hope you are right about the next few weeks maybe showing some bullish injections. Robry's model (which as we know is based only on extrapolation of the last 10 weeks) shows the magical mystical 3 TCF mark getting reached in about a month. The 3 TCF mark has previously not been reached prior to the last week of August.