Hi Ceejay,
I don't think I suggested you made an "error" I just didn't understand just what you meant by this:
""It speaks to the massive production run up that net injections continue in the face of r"
I thought you were saying that the "production run up" was still over whelming consumption, in spite of the high heat. ???
Which brings/brought me to question "production costs" in the face of declining prices. There has to be a limit where they just cut back production. But that point does not seem close at hand as yet.
Maybe I should call the guy back at the large SE Utility and see if I can get him to talk some more ????
I actually think some Utilities buy direct from producers as he referred to their Ng cost being based on "transportation plus commodity cost" when I asked about futures contracts. Maybe that was his way of telling me that their producers price to current market conditions and ship it direct to them. I also know they have "direct pipeline" connections.
Anyway, has been fun !!!!
I couldn't get the link you posted to load. Maybe check it for a typo ???
Found the problem. Link had that extra http:// in there !!!!
Saw the 1$ per Mcf figure in there, but have to go back and read it.
Thanks, Lee