A lot of funds are short natural gas so they amplified the downside move. Then, the bounce was on some short covering -- classic speculative volatility.

Prices could remain at or above $38 for the next one to two years.

You have a transition to a warming trend. Because it's switched to warmer weather, we've seen the weather markets sell off and of course, the natural-gas markets sell off as well.

We have fared well despite the significant losses in Gulf production.

The biggest story of the year is clearly the record-breaking hurricane season.

Natural gas prices will be bad as well, we shouldn't expect prices to go back down significantly.