Thread: Natural Gas May Climb to $7, Invest AD Says: Technical Analysis

I don't understand the comment. Natural gas produced in excess of demand is sent to storage. The storage fields are nearly full, but supply and demand are close to balance now, soon the cold weather and rebounding economy should encourage more gas consumption, and this will lead to gas COMING OUT of storage - which is the reason why it goes into storage in the first place. So who is screwing you?

have great capacity for evil. Even Thomas Jefferson saw the threat from the "tradesmen."

What do you know of coalbed methane as a viable energy source?

Source: Bloomberg Oct. 11 (Bloomberg) -- Natural gas may climb to $7 per million British thermal units after the commodity last month rebounded from a long-term support level, according to Abu Dhabi-based Invest AD. Natural gas futures have almost doubled to $4.77 per million British thermal units since reaching a more than seven- year low on Sept. 4. “Holding above a 20-year support and rebounding sharply from that level, signals an...

--d! I love it when they proclaim that they are doing it because they, and ONLY they, have a conscience. This often leads to the whine that they are being censored by the "sheeple" for their courageous non-conformity. It's poutrage .

but mother nature is`t helping here in the midwest...temps are in the mid november range. time to get get the plastic film on the windows.

Edited on Sun Oct-11-09 11:12 AM by Abacus http://www.democraticunderground.com/discuss/duboard.ph... Edit: We locked in our prices this year.

It's going to be another repeat of last year. Once the next leg down of the economy starts, commodity prices will collapse too. Many wish they hadn't locked into high prices last year. It's demand driven and there will be few dollars to chase oil and gas. People will put sweaters on and turn their thermostats down. Just like Jimmy Carter taught us to do in 1974.

i would go electric. NG was cheap then, and it got expensive within a year or two. sometimes it's $250 a month to keep my small house at 68.

fuel oil.A few years later gas is much higher, but our electricity is also, so we're in a position of damned if you do, damned if you don't. We just grin and bear it and put on sweaters. What else can you do?