NOTHING COSTS MORE THAN IT USED TO:

Gas Supplies Growing Even as Prices Fall (BEN CASSELMAN, 11/03/09, WSJ)

Energy companies started predicting a sharp cutback in the amount of natural gas pumped in the U.S. more than a year ago.

But even though gas prices now hover 30% below a year earlier, the promised reduction never came. And this week, two major natural-gas companies reported big increases in production, while a third, Devon Energy Corp., announced that its new East Texas well was yielding 31 million cubic feet of gas a day, one of the most prolific U.S. wells this year.

As a result, storage facilities are brimming with record gas supplies, and prices are likely to remain soft.