RE: Bill Powers I think Bill is wrong , he has been saying the same thing for 2 years . Encana and Chesapeake have reduced production by 1.1 bcf . That gas can come back on line rapidly . Although the rig count is lower there are still thousands of wells behind pipe . Even six dollar gas will be enough incentive for the shale gas plays in the eastern US to go into full drill mode . Natgas inventory is at seasonal records as well .