With China slowing down, and a recessionary GDP projection (below 3%)
for the developed world in the next two years or so, many analysts are
also projecting far less bullish commodity prices. Due to the very
limited export capacity, the price outlook of the land-locked U.S.
natural gas (Henry Hub) is even gloomier without the cushion of more
robust demand from emerging nations.
After hitting a decade low of $1.90/mmbtu last April, Henry Hub (HH) natural gas price has managed to climb almost 80% to $3.398 on Jan. 14. Unfortunately, the same factors tanking natural gas to below $2.00 -- increasing production from unconventional sources via new technologies such as horizontal drilling and fracking, mild weather, weak domestic demand and economic environment – are still alive and well.
Read more: http://oilprice.com/Energy/Natural-Gas/US-to-Cut-Volumes-of-Imported-Oil-by-Using-Natural-Gas-to-Power-Rigs-not-Diesel.html
After hitting a decade low of $1.90/mmbtu last April, Henry Hub (HH) natural gas price has managed to climb almost 80% to $3.398 on Jan. 14. Unfortunately, the same factors tanking natural gas to below $2.00 -- increasing production from unconventional sources via new technologies such as horizontal drilling and fracking, mild weather, weak domestic demand and economic environment – are still alive and well.
Read more: http://oilprice.com/Energy/Natural-Gas/US-to-Cut-Volumes-of-Imported-Oil-by-Using-Natural-Gas-to-Power-Rigs-not-Diesel.html
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