American Natural Gas Reserves Almost at Full Capacity, Prices Set to Dive
Natural
gas prices are at a 10 year low in North America and are only predicted
to fall further as production continues at record levels. In fact so
much natural gas is being produced that soon all of America’s reserves
will be full and there will be nowhere left to put the surplus.
Consumers have been benefitting from the low prices, but the gas
companies have been suffering badly; victims of their own success.
Profits are low due to the low sale prices, and stock prices are
dropping as production is scaled back and profits are predicted…Read more...
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