Need some help with the math...
So yesterday we saw oil fall off more... even though we were down 1.09 ? or 1.9 Million barrels
We saw GUSTAV threaten supply and NG price dropped close to $7. Then we saw that we were up 90 Bcf and gas shot up into $7.40's...
Another hurricane on its way, and possibly a negative number on inventories next week, worries me that gas will drop below $7 on that catalyst...
What I'm having a problem with is understanding the math.
I know oil demand is down and gas demand is up BUT where can I find those numbers. We seem to no longer be tracking based on inventories. Does that sound right to the rest of you ? I can understand it but where is the EIA publishing demand numbers ?
And I'm still betting on China and India aren't going to have the slowdown we are calling for. Too bad we can't ship our gas to Europe where Russia appears to want to still play head games with their control on that gas market...