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Monday, February 12, 2007

February US Natural Gas Supply Up 5 BCF/Day Over January

Robry is still forecasting that for the month of February 2007 US natural gas supply from all sources has increased over 5 BCF/Day over the month of January 2007. I have never seen such a demand response since I have been investing in oil and gas (starting in 2001). If there is that much "spare" supply available then we could see real downward pressure on natural gas prices over the next 3-6 months.

I am holding off on accumulating any more oil & gas trusts until I see where the trend is headed.

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