Traders received the Winter Outlook forecast from NGC last week. The main upshot of the report is that even in a one and fifty winter the lights will not go out. We have a slight issue in that we have a 22% margin on a base case scenario and we have 27% gas produced energy. This means that if the gas were not coming into the UK at all then we would be potentially in some trouble, we would have to ask some big industrial users to switch off and NGC would pay them handsomely to do so. These remarks and fears have been widely seen in the press and perhaps it is in the interest of the power companies to raise prices rather than lower them, the gas market ticked up marginally yesterday where as power reacted violently rising £1.70 in some seasons. The moral of the story is that you buy the rumour and sell the fact. The rumour being it could be a tight margin if the gas is not forthcoming, the fact we will not run out of gas unless we end up going to war with Albania, Algeria, Germany Italy, Russia and Hungary and that hasn't happened since 1918.