Right now supply is in charge, if consumption doesn't pick up natty is going further south.
Most any electricity producer who could switch from coal to natural gas has done so and in fact a couple weeks ago there was talk of switching back to coal as prices hit $4.40 mcf.
From the Energy Information Administration:
Release Date: May 7, 2013 | Next Release Date: June 11, 2013
...U.S. Natural Gas Production and Imports
Natural gas marketed production is projected to increase from 69.2 Bcf/d in 2012 to 69.9 Bcf/d in 2013, and 70.1 Bcf/d in 2014. Onshore production increases over the forecast period, while federal Gulf of Mexico production declines. Natural gas pipeline gross imports, which have declined over the past five years, are projected to remain near their 2012 level over the forecast period. Liquefied natural gas (LNG) imports are expected to remain at minimal levels of less than 0.5 Bcf/d in both 2013 and 2014.
...MUCH MORE
