Big Dog's Boom Boom Room Message Board

To: Dennis Roth who wrote (168403)	5/12/2012 1:52:34 PM
From: dvdw©	1 Recommendation Read Replies (2) of 178705

It is hard to believe this is true; "Analysts and traders expect the U.S. Energy Information Administration to report 32 billion cubic feet of gas were added to storage during the week ended May 4, less than half of the amount added at this time last year, according to a Dow Jones survey. Such an increase would still bring inventories to 2.6 trillion cubic feet, a record high for this time of year. Despite the EIA boosting its forecast for natural gas demand for this year to 70.2 billion cubic feet, up 5.1% from the 2011, the sheer size of supply will probably cap prices at $3 a million British thermal unit for the foreseeable future, said Gene McGillian, broker at Tradition Energy." Nearly half (being generous) total yearly demand, added to storage in a week.....