Natural gas has been the most beat up commodity in the world. Professor Mark Perry of the Carpe Diem blog recently noted that adjusted for inflation, the commodity was priced at multi-decade lows.
Relative to oil prices, the price drop appears even more dramatic.
And it's no surprise. The unseasonably warm winter caused demand to collapse. And with all of the new drilling activity, supplies are bloated.
The price of commercial natural gas fell to $8.28 per 1,000 cubic feet in December, according to data recently released by the EIA. Adjusted for inflation, that's the lowest price since September 2002, more than nine years ago, see ... Read Post
The spot price of natural gas fell below $2 per million BTUs this week, reaching lows not seen since 2001 in nominal terms (see chart above, data here). When adjusted for inflation, the $1.88 spot price on Monday could likely have e... Read Post
Last Friday morning, we featured the highlights from Morgan Stanley's Diversified Natural Gas Investing Playbook. The research team, led by Stephen Maresca, identified six top picks in the natural gas sector. One of those picks was ... Read Post