To all: Here in Illinisia we have several choices for nat gas delivery and a few for electricity. I have been perusing all of the choices and have requested rate quotes from all. One in particular is very appealing. It's a co-op (non-profit) and they have 2 plans. The winter plan is one that purchases 90% of your projected nat gas supply by Nov. 1. The summer plan purchases 30% by the same date. I like these 2, but something tells me to hedge nat gas for like 2-3 yrs. or at the very least 1 yr. I believe it will continue to rise in the future. I don't want to hear about the $9.34ish price right now, this is due to an unexpected rise in inventory. Although if I could I would hedge right here, and not look back. Any thoughts? [img]/ubbthreads/images/graemlins/grin.gif[/img]
I'm not willing to forcast future natural gas costs. More oil exploration and development could increase natural gas supplies world wide. Oil and natural gas often come out of the same well. With more LNG tanker ships being built, Liquid Natural Gas will be transported world wide more easily and cheaply. (see eeeedeli's on this subject) I think there is an equal chance that natural gas prices will remain reasonable as that prices will rise sharply.
"Lead, follow or get out of the way." Larry Adamski