This is what we should do when it's 54 degrees in Chicago in January.
Carl Neill
It's still under most people's radar screen right now. The public has absolutely no idea how high prices are going to be this year. It's going to be mind-boggling.
idea public
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.
thought things concern damage driving worse
The average person has no idea how expensive things are going to be this winter. It's not going to sink in until they get the first bill, and then the politicians will be screaming in the streets.
idea person politicians winter things streets
All those factors combined have really smacked this market back down. You're going to have a lot of industrial demand go off line.
market demand
chicago january
The market has factored in a lot of damage beforehand, in anticipation that this storm will equal or exceed the damage caused by Ivan. Prices may fall as reports come in.
anticipation fall market storm damage
We're way oversold. They've thrown about as much bearish news at this market as you possibly can.
news market
RSI reached the lowest level ever in the history of the February contract.
history
The fact that we are in such good shape with storage is what the market is focused on now.
good market fact
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