Natural gas futures have parted ways with crude oil. Natural gas futures have plunged on news that new sources of natural gas over the next few years may create a glut of the commodity. (Would I love to see the same occur in crude oil futures!) This new reality is showing up in the price in the natural gas futures markets. Maybe T. Boone Pickens is right about using it to fuel our vehicles! Still, natural gas will cost more if the cap and trade tax passes Congress, even if the supply is abundant.Monday, March 9, 2009
Natural Gas: Look Out Belooooooow!
Natural gas futures have parted ways with crude oil. Natural gas futures have plunged on news that new sources of natural gas over the next few years may create a glut of the commodity. (Would I love to see the same occur in crude oil futures!) This new reality is showing up in the price in the natural gas futures markets. Maybe T. Boone Pickens is right about using it to fuel our vehicles! Still, natural gas will cost more if the cap and trade tax passes Congress, even if the supply is abundant.
