You know the saying, “The cure for low natural gas prices is”—say it with conviction—“low natural gas prices.”
Oil and Gas Investor
Steve Toon, Hart Energy
You know the saying, “The cure for low natural gas prices is”—say it with conviction—“low natural gas prices.” Yet a decade of low natural gas prices born out of a glut of gas from the shale revolution has stymied hope of any significant, sustained recovery for gas.
So what if I told you that natural gas prices were to trend up steadily over the summer, topping $7 per thousand cubic feet (Mcf) by year-end, and would then stay there for a sustained period? Hog wash. Disbelief. Won’t happen. Prove it. Three dollars forever—if we’re lucky.
Steve Toon is Editor-in-Chief of Oil and Gas Investor magazine. He joined Hart Energy in 2007 as editor of its A&D Watch newsletter and A-Dcenter.com. He received a BA in journalism from Baylor University.
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