[BOBTHENAILER]

For your reading enjoyment.

[Ernest_at_the_Beach]

This can't be good for California which is highly dependent on natural gas for electrical power generation!

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[BOBTHENAILER]

That's a whopping drop of 9.2 BCF per day (without hurricane disruption). Considering the addition to storage for the week ending 4/25 of 57 Bcf, you can easily see why these declines represent a threat to pricing. Canadian gas production is also seeing a similar decline. Keep in mind new drilling in the Gulf takes at least one to three years to get to market.

Here's the one I was referring to.

[Dog Gone]

I think gas prices are going to remain high for many years. Demand keeps increasing, and the enviros make it increasingly difficult to drill.

Construction of a pipeline to bring the North Slope gas cap would lower prices and bring much needed supply.