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Natural Gas Settles Below $2

Wall Street Journal -- Natural-gas prices settled below $2 a million British thermal units for the first time since January 2002, crossing the milestone after weak demand and robust production have driven prices down 52% in the past year.
Gas traders, analysts and other market watchers have been anticipating the decline to these levels for months as record U.S. inventory levels have signaled that supplies of the fuel are plentiful. Mild winter weather and the warmest March on record only exacerbated the oversupply situation. Now, as warmer spring temperatures arrive, some investors worry that supplies will overtake available storage, sending prices even lower.

"There's no reason we can't plumb even lower," said Stephen Schork, an analyst at the Schork Group. "$1.50 isn't out of the realm at this point."

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Submitted Apr 11, 2012 By: lordaaron

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Debrastorch Veteran Author Florida Posts:397 Points:94,145 Joined:Mar 2012	Message Posted: Apr 12, 2012 9:39:05 AM Ignore Debrastorch Report Abuse Isn't that still too much $
DanMtz Champion Author Oakland Posts:3,360 Points:1,244,300 Joined:Oct 2009	Message Posted: Apr 12, 2012 9:28:30 AM Ignore DanMtz Report Abuse A bargain.
sedonaJ All-Star Author Arizona Posts:616 Points:197,670 Joined:Mar 2012	Message Posted: Apr 11, 2012 11:54:20 PM Ignore sedonaJ Report Abuse this could be a sign ,but of what? we all want it to drop but at what cost?
amerk73 Champion Author Dallas Posts:7,055 Points:1,622,930 Joined:Oct 2008	Message Posted: Apr 11, 2012 11:13:28 PM Ignore amerk73 Report Abuse old news
335d1 Champion Author Virginia Posts:2,391 Points:760,245 Joined:Feb 2011	Message Posted: Apr 11, 2012 10:18:09 PM Ignore 335d1 Report Abuse Wait until the speculators arrive.
JCLNC All-Star Author Greensboro Posts:902 Points:218,460 Joined:Jun 2011	Message Posted: Apr 11, 2012 8:51:14 PM Ignore JCLNC Report Abuse I'm thrilled to see it lower. It's about time something is going lower.
esq262 Champion Author Asheville Posts:2,912 Points:650,440 Joined:Jul 2011	Message Posted: Apr 11, 2012 8:33:19 PM Ignore esq262 Report Abuse The free market at work.
TableTalk Champion Author Virginia Posts:1,184 Points:557,950 Joined:Nov 2008	Message Posted: Apr 11, 2012 6:10:39 PM Ignore TableTalk Report Abuse Isn't it great to see supply and demand work. Now as long as the Gov't does not get involved and try and "solve" some invisible problem that does not exist here we'll do just fine.
ToolinIt Champion Author Colorado Posts:1,803 Points:888,945 Joined:May 2010	Message Posted: Apr 11, 2012 5:57:12 PM Ignore ToolinIt Report Abuse SammyAdams, I think that you have a sound investment tip there.
Kamakani Champion Author Denver Posts:2,678 Points:1,276,520 Joined:Oct 2008	Message Posted: Apr 11, 2012 5:21:29 PM Ignore Kamakani Report Abuse Good Now let's expand the use of NG for more vehicles and install more filling stations.
SammyAdams Champion Author Tallahassee Posts:3,061 Points:794,510 Joined:Nov 2010	Message Posted: Apr 11, 2012 5:20:44 PM Ignore SammyAdams Report Abuse From the article: "There's no reason we can't plumb even lower," said Stephen Schork, an analyst at the Schork Group. "$1.50 isn't out of the realm at this point." ------------------------------------------------------------------ This is music to my ears. While most of us are wondering if gasoline prices have peaked, I wonder if natural gas prices have bottomed out. This might be a great opportunity for investing. Whatcha think?
Night Owl Champion Author Toronto Posts:7,560 Points:1,788,550 Joined:Jul 2004	Message Posted: Apr 11, 2012 4:56:55 PM Ignore Night Owl Report Abuse Great news.
ToolinIt Champion Author Colorado Posts:1,803 Points:888,945 Joined:May 2010	Message Posted: Apr 11, 2012 4:44:11 PM Ignore ToolinIt Report Abuse Wish it were possible to convert a large diesel engine to CNG. Some buses and big trucks have done it. Can it be done on a 6.6L diesel and how much would it cost? [Edited by: ToolinIt at 4/11/2012 5:47:46 PM EST]
BUSMAN1105 Champion Author Atlanta Posts:2,164 Points:1,171,935 Joined:Aug 2008	Message Posted: Apr 11, 2012 4:32:49 PM Ignore BUSMAN1105 Report Abuse I GUESS THAT'S WHY MY HEATING BILL IS LOW THIS YEAR!!!!!!!!!!!!!!!!!!!!!!
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Apr 11, 2012 4:18:51 PM Ignore buckets42 Report Abuse My heating bill is going down.
bandannaman Champion Author New Jersey Posts:1,849 Points:365,610 Joined:Dec 2010	Message Posted: Apr 11, 2012 4:14:12 PM Ignore bandannaman Report Abuse Good.
djwhit Champion Author Ohio Posts:3,017 Points:1,209,430 Joined:Jul 2009	Message Posted: Apr 11, 2012 3:39:14 PM Ignore djwhit Report Abuse THATS GREAT.........
humblepie Champion Author Toledo Posts:34,287 Points:2,373,320 Joined:Mar 2006	Message Posted: Apr 11, 2012 3:36:08 PM Ignore humblepie Report Abuse now watch the epa regulate it right back up to $8
Penny_Pincher Veteran Author Columbus Posts:435 Points:22,695 Joined:Aug 2005	Message Posted: Apr 11, 2012 3:31:23 PM Ignore Penny_Pincher Report Abuse Time to go home and light my fireplace.