Reply #24: Natural gas stores are up

[Indy Lurker]

The company I work for uses over $20,000 per month in natural gas, so we watch the price very close.


I predict natural gas prices will go down to last winter's price fairly soon.


Natural gas storage is at record levels.

It should be going down.

Right now it is propped up by speculation on natural gas futures.

But unlike the tech stocks or the housing market. When you futures are due up, you have to either sell them, or take delivery of the gas.

And with the warm fall we've been having, stores will be at capacity.

If all these clowns who are bidding up the price suddenly realize no one wants the January gas futures their holding, the price will drop very fast.