I have seen alot of misnomers, misinformation, grasping at straws, and silly directional calls in the energy threads posted here. A little about my background - I was the top physical power trader at the USA's largest nuclear utility; an OTC swaps and options trader in cracks, sparks, gas, barges, and power for a major prop firm; and a Nymex and ICE futures trader for my own account. I even pairs trade energy equities. I don't want to come off as cryptic or clairvoyent - I have no idea if the flat price directional market is going up or down. And, I don't care. Doesn't matter to me. Yes - oil is in a severe a contango market. Last Friday, the March/April WTI spread rallied $3.20. Yes - natural gas is in the crapper, and the Spring widow-maker has been a non-event. So, would you sell the PJM-West Summer heat-rate? Energy is about spread relationships and the path of pain.