natgas Toorisky:
That nat gas market is tightening!!!! Coming into the shoulder season (end of march and usually the end of storage withdrawals) has seen the glut of gas removed to the extent that we are 2.1% below the 5 year average. I just think no one believes it or is even paying attention to it. My last post a moment ago was a copy of one that I has placed on the Birchcliff bull board. But no one really posts there very much and it is like hearing my own echo. But to say it bluntly, there is no way that abundant shale gas can be brought to market for the prices it has been selling at. The number of active rotary natgas rigs has dropped from a high of 992 down to the unimaginable low level of 375, that count reported by Baker Hughes on Friday (yesterday) Even Rex Tillerson CEO of Exxon has been quoted as saying that everyone is losing their shirts on natgas at these prices. This story of shale gas has swept all naysayers before it like the flood. But," times they are a changin" and we are seeing a rebalancing of the natgas market as we speak.
Please read the Arthur Berman comments to get some perspective. This unfolding story will also add considerable new perspective to the value of nuclear as we go forward.