Is
a Natural Gas Comeback in Sight
After spending some serious time on the mat this
summer, natural gas prices are showing some signs
of life these days. Like a phoenix rising from the
ashes, prices for the fuel have turned markedly
higher.
And with some forecasters predicting the "coldest
winter in a decade," traders are now beginning
to make big bets that wintry weather could send
the down-beaten commodity even higher still.
One them is our own energy expert, Chris Nelder,
whose mid-simmer natural
gas forecast is looking to be spot-on of late.
On July 24, Chris told his readers:
"Natural
gas under $4 was a steal in April, and it's even
more of a steal now. Ignore the nattering nabobs
of natty who worry on about inventory numbers; that's
all noise. Lift your eyes from your shoes to the
horizon, and you'll see that there's only one direction
that gas prices can go over the coming year, and
that's up."
A few weeks later, someone else who knows a thing
or two about natural gas. During conference call
in August, CEO of Chesapeake Energy Aubrey McClendon
told analysts that he expected natural gas prices
to jump to between $6 and $8 per MMBtu by next summer.
Back to Home Page
copyright © 2010 Fossil Oil Company, LLC. All rights reserved
