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TFC Commodity Trading Forum

Re: Nat GAs/Looking More Bullish

Yes one can see the tide turning slowly. On the Canadian West Coast the Ferry fleet is converting to NG and new Ferries are presently being built to run on NG. And a couple of big NG plants are being built on the West Coast to process the stuff for LNG as well as provide other NG services. The spread between the cost of other fuels and NG is so extreme that not considering switching to NG is no longer an option to anyone running a business. And markets tend to reflect the future not the present supply issue. Everyone and his dog is having to deal with this energy cost difference issue. Meanwhile the NG chart seems to be fighting its way back from the depths of despair, slowly but surely.