Natural Gas Prices are going higher

[dan_s]

Read this: http://e.invdly.com/index.php?action=so ... 44e7.75232

I now believe that natural gas will move up to AT LEAST $3.50/mmbtu within six months.

Remember, the natural gas market and the oil market have almost nothing in common. Natural gas trades on regional markets. In the U.S. gas supply is falling and demand is going up. My estimation is that the U.S. natural gas market will be 4 to 6 Bcf per day tighter in December, 2016 than it was in December, 2015. The U.S. is an 83 Bcf per day market, heading to 100 Bcf per day by 2020.

This summer, gas demand for power generation will be way up over last year.

We have a high level of gas in storage today, but the surplus over the 5-year range will tighten a lot over the next three months.

Robert Rapier, who wrote the article at the link above, is an EPG member. We have talked several times about this issue.