Seems rather odd that natural gas futures have dropped to below $6/MMBtu which is the lowest in three months. I don’t think I’m inclined to just believe that this is due to “record domestic production levels and lower weather-driven demand”.
Perhaps some smart Freeper with their eye on natural gas has a better explanation....
I don’t think I’m inclined to just believe that this is due to “record domestic production levels and lower weather-driven demand”.
Perhaps some smart Freeper with their eye on natural gas has a better explanation....
I talked to a yard superintendent at one of the largest drillers in the East. They have 41 rigs working.
They stopped drilling in Michigan because the gas pressure was so high it was dangerous.
A friend of mine works in the Dakota fields... They just started fracking again. So future prices should come down as production is increased.