Bruno Stanziale
Bruno Stanziale
clearly demand industrial numbers past side
Industrial demand numbers are week. There clearly has been some more demand destruction on the industrial side in the past 8 to 12 months.
crude oil supporting
Crude oil has had a big part in supporting the natural-gas market.
cheap relative
It's getting real cheap relative to other fuels.
grace interest lots market saving short
The only saving grace to the market has been sporadic spurts of short covering. You still have lots of short interest out there and you're going to see periodic short-covering rallies.
available consensus gas market summer winter
There's a consensus in the market that winter is over and there's a lot of gas around. We may have more gas available this summer than we have storage.
amount assume convinced good market normal return trillion winter
The market is convinced we have enough gas. Even if you were to assume a return to normal weather, we will come out of winter with 1.5 trillion cubic feet, which is a good amount to have in the ground.