RE:RE:RE:RE:RE:RE:Cold snap painOK retired , I'm always game for a good debate , friendly of course .
While we have not yet seen any serious cold , I would say that considering the "lost" production from last year has dropped approx 5 to 7 bcf per week . In late May 2020 the inventory (storage) was over 700bcf higher than 2019 levels . Presently the 2020 levels are only 285bcf higher than 1 year ago , this just demonstrates the lower production can't keep pace with even restricted demand . The cold is sinking into the US as witnessed yesterday with snow in Oklahoma . Even a milder winter will still have cold shots that will help drain down inventory considering the depressed production . I would put money on 1.75tcf or lower by the end of the withdrawl season .
I remember a La Nina winter about 25 years ago , it was supposed to be a mild easy winter , what a laugh . We still froze our A's off !!!! My only point here is never gamble what you can't afford to loose and NEVER trust a weatherman (person) .