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Forbes argues that US natural gas supply and demand are now so evenly matched that imbalances adjust before prices can stay above $5/MMBtu for long. The piece notes that the shale-driven shift has ended the era of annual average benchmark prices above $8.00 per MMBtu.
It also describes a rush to build export and import-retrofit facilities.
A structurally capped price range limits upside for gas-linked feed costs and power-based feed processing. Buyers should expect gas-driven input costs to stay relatively contained unless supply shocks occur.
forbes.comJared AndersonFeb 23, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
