RE:Natural Gas Production Decline It is not about the past with futures but the future. Yes nat gas Inventories are down now but can easily be ramped up.
I play nat gas futures and the week before inventory acceleration build was at 5.2 %, and last week at 4.8%. But we also are exporting a heck of a lot to Europe since they are buying heavily to stock up.
So prices are high, but for how long? Europe can only store so much even though they are building storage capacity. The bottom line is that nat gas inventories will be building through the end of the year at least in the face of declining usage. But then ?