Havoc and Opportunity in Natural Gas
Wolf Richter www.testosteronepit.comThe Electric Power Monthly April 2012 by US Energy Information Administration (EIA) is a showcase of the monumental consequences of the price of natural gas that has dropped to levels not seen in a decade. The fourth warmest winter on record, which curtailed the use of gas for heating, coincided with record production in the US. And now there are concerns that storage facilities, which are filled to record levels for this time of the year, may soon reach capacity, forcing the industry to flare excess gas. This, doom-and-gloom theorists go, will force the price of gas to near zero in the US.
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