Since November 2011, natural gas prices declined nearly 50% to lows back in April as one of the warmest winters in decades contributed to an oversupplied market. Just four weeks ago, front month natural gas fell to a 10-year low of $1.907/MMBtu. Three key themes contributed to significant moves lower in natural gas prices:
1) Weather: A majority of the U.S. was warmer than normal during the winter of 2011-2012 resulting in much lower heating degree day levels. A heating degree day is the number of degrees…
Continue reading >>
Read More
Follow Constellation