Huge Supplies & A Mild Winter Causes Natural Gas Prices To Drop on Jan. 12, 2012 To Near Historic Lows:
The price of natural gas for February delivery fell 8 cents to end at $2.6970 per 1,000 cubic feet on Jan. 12. The price has fallen 13% this week alone due to a relatively mild winter weather cutting heating demand and huge supplies. On Jan. 12, 2012, the Energy Information Administration said supplies are 13.4 percent higher than what they were a year ago and 17 percent above the five-year average. On Friday, Jan. 13, 2012 the price of natural gas had fallen to $2.659/per 1,000 cubic feet at 1:34 pm CST. And the price kept dropping....On Tuesday, Jan. 17, 2012 the price of natural gas fell 18 cents to end the day's energy market trading session at $2.49 per 1,000 cubic feet in New York for February delivery. That price represents a fall of 17 percent for the month or 45 percent lower than a year ago. The price fall on Jan. 17 had natural gas contracts for February delivery at or near their lowest levels since March 2002.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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