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The Water Cooler
General Discussion
ONG - natural gas rates - good or bad idea to lock in the rate
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<blockquote data-quote="SlugSlinger" data-source="post: 3162118" data-attributes="member: 7248"><p>Based on reports I am seeing, we are heading below the 5 year average storage levels. As you can see from this graph, the blue line are the current storage and the grey shaded area is the 5 year high and low levels. Oil prices have trended up but NG prices have not. NG is getting very cheap on an energy equivalent comparison to oil. With that being the case, we should see NG usage increase as a cheaper source of energy and if that does happen, NG prices will increase.</p><p></p><p>[ATTACH=full]125170[/ATTACH]</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3162118, member: 7248"] Based on reports I am seeing, we are heading below the 5 year average storage levels. As you can see from this graph, the blue line are the current storage and the grey shaded area is the 5 year high and low levels. Oil prices have trended up but NG prices have not. NG is getting very cheap on an energy equivalent comparison to oil. With that being the case, we should see NG usage increase as a cheaper source of energy and if that does happen, NG prices will increase. [ATTACH=full]125170[/ATTACH] [/QUOTE]
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The Water Cooler
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ONG - natural gas rates - good or bad idea to lock in the rate
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