This is what we should do when it's 54 degrees in Chicago in January. |
We had some cooler weather and you had that snow front move through the Midwest. |
We still have a huge overhang of storage. This is the time of year when you get seasonal lows ahead of summer and hurricane season. |
We're way oversold. They've thrown about as much bearish news at this market as you possibly can. |
We've had a big sell-off in the last couple of days and with the cold weather coming, there's some short covering. |
What's really driving us here is continued concern about how much damage has been done by either Rita or Katrina. It looks like things are a little worse than originally assumed, and things aren't coming back on line as quickly as thought. |
Winter is a done deal. The big concern now is we're going to have too much gas. |
You are getting back toward levels where industrial consumers can make money. So I do think you're seeing some more industrial demand come back in. |