RE: RE: NG taken out to wood shed SandHeads hit the nail on the head. And so the story continues, we have way to much Nat GAS. Please tell me what has changed in the past 6 months to draw down gas? NOTHING. Sure companies have cut back and sure it is supposedly a hotter then average summer but when you have the amounts of nat gas that we have it is going to take a lot more then that to rapidly use it up. I said a while back that when the price will creep up a bit to levels we have not seen in a year (ie:over 3 bucks) there will be a huge inflow of gas to the market because these companies are starving for any little bit of profit to keep above water. It is insane to think that prices will go to 4 and 4:50, on what basis is that rational? When the shoulder season comes later September I expect nat gas to peel back under 2 bucks. Inventories will be swollen at that point beyond the levels of last year. PMT will also re-test its low of 55 cents.