tag:blogger.com,1999:blog-7073863597837198197.post453393355336150486..comments2023-10-28T03:44:35.951-07:00Comments on latent sanity: more on gaslatent sanityhttp://www.blogger.com/profile/17139625169850577450noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7073863597837198197.post-67095145196817258762013-12-30T09:58:13.009-08:002013-12-30T09:58:13.009-08:00The futures market this morning is showing exactly...The futures market this morning is showing exactly what I am saying ... when the first real cold weather came through and subsequently the first big draw on inventories, the traders and investors reacted by driving up prices sharply, but ONLY for the months of January and February. The months beyond those barely budged and a severe backwardation condition arose. Now, however, it is beginning to dawn on some folk that this condition is pretty serious AND its not going to be fixed just by sticking a paper straw in the ground and expecting gas to come out of it. This morning you are starting to see significant increases in May, June, July, August, and on into next winter. When the real cold weather arrives this winter (yeah, I know, its already 30 degrees below in some places in the US, but, like, that's still +250 degrees Kelvin ...), and the real draws on inventory make it more obvious that the country is actually in trouble and we are actually going to experience shortages, for which no amount of money will produce enough gas to fix, then there could be some excitement for those of us who prepared for this ....latent sanityhttps://www.blogger.com/profile/17139625169850577450noreply@blogger.com