From Money Morning Australia:
Environmental Capital points to a story in today's Wall Street Journal:
This commodity seems to have an endless bearish trend. All the other commodities (oil, gold, base metals, agricultural) have more or less benefited from a renewal of risk appetite among investors and eventually prices rebounded after the lows posted everywhere in last December. Prices had declined so sharply in just a few months that it created investment and trading opportunities.
This scenario has been similar for all commodities, except one: natural gas.......Natural gas prices have been traditionally positively correlated with oil prices, but a clear discrepancy has appeared in last February between the two energy futures. MORE
...U.S. natural-gas production has gone from bust to boom in just a few short years, thanks above all to new finds in shale, reports the WSJ: “There’s no dry hole here.” The ample supplies give the country plenty of energy options, but in the meantime have helped send prices plummeting—and also make clean-energy less competitive....