RE: RE: Interesting report from the EIAYes, but what do you think the spot price average was for 2009? I can tell you....it was about $3.81, for January thorugh to Sept. My data came from this site:
https://www.neo.ne.gov/statshtml/124.htm
So for Dec to meet their predictions, it still won't trade at anywhere near $5.58 spot.
Not sure where you're getting that storage is "being very conservative'....nowhere does any reputable agency say that, and certainly not the EIA. Absolutely it is a guess, but it is a "best guess" or it would not be the number they use.
But again, it doesn't amtter in the short term. Even if the "true" storage cap is over 4 tcf, we won't know until we get there....and NG prices are not going to wait around at the current levels until we find out. Every build taht puts us on the pace for the "officiall numbers' be there the actual ones or not, is going to hurt NG.