Bobwins

Natural Gas Prices Set To Surge - Canaccord

The comments about increased supply are important but there is still a deficit. We produce about 85% of our demand. Canada has supplied the difference but their production is flat to down. They will export less to us because of flat production and increased domestic usage for tar sands. The difference is coming from LNG but our lower prices versus world prices means we are getting less LNG.

We will benefit from the increased production but our massive deficit in oil production vs consumption will eventually push various consumers towards ngas and that will support ngas prices and eventually reestablish equity on a btu/btu basis with oil. Human nature. If it's a cheaper alternative, Americans will double size it until it gets scarce and expensive. We consume too much energy per capita. Quit complaining about prices and do the logical thing......USE LESS!