We have come to the energy crossroad once again. How we choose to research and dialogue on solutions to meet our energy needs will affect what we choose to believe. As James Robertson, author of American Myth, the American Reality, once wrote: "Myths are "the way things are" as people in a particular society believe them to be; and they are the models people refer to when they try to understand their world and its behavior". Make no mistake that the American energy myth has a significant influence on how we choose to comprehend the unknowable future of our energy situation.
According to a recent statement by the Metals Treating Institute (MTI), "The worst-case scenario for natural gas has played itself out." MTI confirms what a number of natural gas price predicting models have already shown. The cost of natural gas is expected to be up over 100% from the same time last year. This places tremendous economic pressure on industry and society regardless if you successfully hedged the market.