DailyMarkets.com - Abundant Natural Gas Leads To Record-Low Prices; Natural Market Forces Will Correct The Oversupply
DailyMarkets.com - Abundant Natural Gas Leads To Record-Low Prices; Natural Market Forces Will Correct The Oversupply |
Abundant Natural Gas Leads To Record-Low Prices; Natural Market Forces Will Correct The Oversupply Posted: 31 Dec 2011 07:15 AM PST Wall Street Journal — “U.S. natural gas prices fell to their lowest point in more than two years, underscoring how the nation’s booming energy business is becoming a victim of its own success. Mild weather and oversupply have pushed the fuel’s price below $3 (see chart above). Prices for the commodity have been under pressure over the last couple of years, as new drilling techniques unlocked vast new stores of natural gas from shale formations and other so-called unconventional reservoirs. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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