Yup, like Silverbear said, there is 'enough NG to last us until the sun explodes', lol.
Reminds me of a time back in 1998 when similar supply thoughts were the wisdom of the day for Crude as it averaged $11.91 per barrel that year. Media/experts said that, apart from short-term supply threats/shocks such as OPEC's periodic chest-beating or the first war in Iraq, prices pushing $40 were an anomaly and anything north of that would NEVER exist outside the realm of fantasy. Of course now, a little over a decade later, EVERYBODY views $35-40 crude as CHEAP. Go figure, lol, but that is the nature of the markets.
Certainly does appear to be supply aplenty for NG these days but the markets do have a way of dishing up surprises that we cannot even contemplate in the present moment...will be interesting to see how the whole NG 'story' unfolds over the coming years in any event.
Short-term, just wondering how NG makes its way through the next little seasonal phase...crushed to new lows or an actual rally of substance into seasonal strength?
