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It appears that low prices may be encouraging natural gas producers to pump as fast as they can – according to DailyWealth’s Tom Dyson. Tom says that it’s a matter of survival for these companies – even with prices low, they can’t afford to shut down and wait for a price rebound, because they may […]
It seems like these days, EVERYONE is looking a natural gas prices, wondering “how could they be so low?” As recently as a few years ago, “The Natty” was selling for over $16 – how could it now be languishing just above 3? It’s often said in the commodity world that the best cure for […]
The oil to natural gas ratio is at an extreme level not seen in at least 15 years, reports market technician Martin Goldberg. Martin is an astute market observer who I recently discovered on the Financial Sense Newshour. With oil above $71, and natural gas below $4, you’d think that something has to give. Sure, […]
Global oil producer BP reported that oil reserves fell for the first time in 10 years…from 1.261 trillion barrels to 1.258 trillion barrels. Enough reserves for about 42 years at current production rates, according to the company. You can read the full report here. Some quick highlights: Global oil consumption fell by 0.6% in 2008 […]
Natural gas prices have hit their lowest levels since 2002, because, well, there’s just an awfully lot of it available right now. The Wall Street Journal reports that years of higher natural gas prices this decade has spurred more drilling and innovation, resulting in a production rise of 11% over the past two years in […]
May Natural Gas futures currently sit a shade above $3.50 – their lowest point since 2002! Check out this chart…can you spot the trend? Source: BarChart.com Jeff Clark writes that $3.50 is widely regarded as the “shut in” price for natural gas – the price where drillers are better off closing the well than continuing […]
Tom Dyson reports that Natural Gas is now below its cost of production – after having fallen all the way down to $3.50 at a recent low point (sitting currently at $4.31). Dyson urges readers to “get long” now: I expect the rise in gas prices is imminent. Gas prices track oil prices. Oil has […]
Matt Badiali writes that demand for natural gas has dried up, and he expects prices could stay low for some time. Natural gas often rallies this time of year, but has not moved up thus far. Matt cites record recent production – with nat gas reserves at record highs – as another factor that may […]
Makes a lot of sense, and who better to engineer a plan than Boone. At it’s heart – we have to expand wind power, where great potential lies in the Midwest. Using wind power for electricity can allow us to shift the use of natural gas from energy to transport fuels.
Kevin Kerr recently started up a blog on his trading site. I’ve added a link here on the left. Crappy day today, winding down on a crappy week. Corn has been getting absolutely whacked on the good weather reports – I’m still in the trade, with a stop down at 578. Natural gas has been […]
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