We're Headed To $8 Natural Gas
I’ve attached a link to a Forbes’ article published today predicting $8 (per mcf) natural gas pricing by the approaching winter. The author makes a convincing case and declining rig count, well production, and gas injection rate are a large part of his discussion. In my opinion, it’s a good discussion, but perhaps on the optimistic side (pricing) since we’re still producing a lot of natural gas and the economy remains weak.
Link: http://www.forbes.com/sites/richardfinger/2012/07/22/were-headed-to...
Views: 3686
Replies to This Discussion
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Permalink Reply by adubu on
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KOH --- did you get GS confused with Lehman Brothers? Also the Price crude oil has little to no effect on Nat Gas price since ng is local commodity to USA supply/demand
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Permalink Reply by Krkyoldhag on
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you right..my bad.
In the novel it was GS but they still around.
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Permalink Reply by Keith on
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I hate to be nit picky but Clive must not be too good either at research or math, because $125 oil doesn't normally equate to $8 gasoline unless there were massive decoupling.
But back on topic extremely high oil and gasoline prices can be good for nat gas as an alternative as long as nat gas is cheap and abundant. If the slow down in nat gas drilling send the price to $8 this winter then the perception of of it being cheap may not be so clear as it is at $3.
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Yeah if you include Europe's confiscatory fuel taxes with the market price, I guess so.
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