Monday, December 7, 2009

More Doom and Gloom for Natural Gas

Perfect for a Monday morning is a short article on the Houston Chronicle web site about market factors cutting against natural gas right now, including less switching from coal-generated power, lower gas consumption, high projected LNG cargoes, blah, blah, blah.  Most alarming is the projected increases in LNG production (note that the horizontal axis is wrong and the last year on the right should be Jan-10 not Jan-09).  This is not new news, but it's neatly packaged to make gas fans feel woozy first thing in the morning.


Anonymous said...

More doom and gloom??????Look at the prices today. We're dominating!!!!

Robert Hutchinson said...

Well, doom and gloom in the article. Good day on the price front, but it's hardly a stable situation. That said, however, I'll take a win any way I can get it.