Hazy winter gas price outlook hinges on wild cards

With storage injection rates at record levels, natural gas market bulls are starting to get nervous.The gas bulls look anxiously to a repeat of last winter's extreme cold to keep prices from entering into a freefall. But the bears suggest that last winter was an extreme anomaly and that $10/MMbtu is unlikely to reappear. However, a full-blown price collapse is equally unlikely.Weather variables An unexpectedly cool summer has kept a lid on electricity demand for gas. The result: gas prices piercing what was widely perceived as a $5/MMbtu floor.In the near term, such weather patterns are forecast to continue. Temperatures through the end of September are predicted to be mostly normal t...

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