Thursday, September 10, 2009

Nat Gas Supply Continues to Fall

While Value's Drilling rig data is estimated by me for the past couple of weeks, the rigs have slowly increased. But the supply is clearly starting to fall. And fall fast.
If this is a result of shutins, then the supply can rebound. But if this is real cuts in supply, then when winter comes, we may be in real trouble. My guess is that it is 50/50. In other words, some of the supply decrease is real and some shut-ins.