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

To: JimisJim who wrote (173698)	10/28/2012 12:09:27 PM
From: Ed Ajootian	Respond to of 206203

JimIsJim, weather is certainly going to be on the front-burner for natty pricing for the next 3 months but for those with a bit longer time horizon the impact of this winter's weather on the price of natty in the LT or even intermediate term is somewhat muted. Case in point -- Bentek has proffered that this next winter, the difference between the weather being normal vs. being as warm as it was last winter would be about 600 bcf of natty demand. If for '13, US Lower 48 production decreases by 1 bcfd and Canadian imports decrease by 0.5 bcfd from last year (neither of which would be a huge shocker if were to happen), that would account for about 550 bcf less of supply for the year as a whole, nearly matching what is an extremely unlikely decrease to the amount of natty demand this winter.