There is a looming Natural Gas Crisis that will be rearing its ugly head very soon. EnergyBusinessWatch will be releasing a rather bleak report next week detailing the impending hit that will last for the next 5-7 years. Some of it is already being evidenced with record withdrawals from storage in the first week of December, pushing prices into the $5/MMBTU range. Predictions of a colder than average next 30 days will yield further record withdrawals and push prices as high as $8/MMBTU. Predictions of summer storage injections of natural gas for next year aren't looking all that good either with estimates that injection will be down 20%. The bulk of injection is generally accomplished by contract on the part of large NG consumers, but with depressed gas prices over the last year, it wasn't an attractive option. What's driving this shortage isn't foul play, but a market disparity that evolved over the last couple of years...to wit, dwindling supplies of conventional sources of gas and increased demand as gas prices stayed at $4/MMBTU. Not much incentive there for developing new sources. With this upward surge in gas prices, many parts of the country will see an accompanying rise in electricity prices. Now would be a good time to look for ways to conserve and use what you need to more efficiently.