15.10.2012 - Why the natural gas picture is improving
Forget the Farmer's Almanac. As we move into the winter season, two things are becoming clear. First, this one will be colder than last year, nationwide. Second, the price of natural gas is moving up. A colder season ahead is an almost statistical certainty. The likelihood of having a repeat of last year's mild winter is quite low. And my second assertion is now supported by several factors. Until very recently, the changing of seasons was a determining factor in gas prices. The warm winter throughout much of the U.S. last year certainly contributed to the dive that saw gas prices plummet to near $2 per 1,000 cubic feet (or million BTUs), the NYMEX futures contract unit...............................................Full Article: Source
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