HT: Environmental Capital
U.S. natural-gas stockpiles are brimming despite a cold winter and a drop in drilling activity, suggesting low prices will persist for months.The U.S. has nearly a third more natural gas in storage than at this time last year, and 22% more than the five-year average, according to government data released Thursday....
..."There are a lot of people talking about $2 gas in the fall," said Dan Pickering, an analyst at the energy-focused investment bank Tudor Pickering Holt & Co....MORE
Friday, April 3, 2009
Big Stockpiles Weigh on Natural-Gas Price
From the Wall Street Journal: