Lowest prices since 2012. An unseasonably warm December coupled with record supplies means prices have fallen 30 % since October. While not yet at the point where it is cheaper than coal, that price shift in 2012 triggered a massive shift by electric generators to gas, resulting in plunging coal prices and broken contracts. While temperatures are supposed to return to "seasonal norms" next week, a warm winter would put more downward pressure on gas prices. This will be an important point to make as the Republicans and DINOs in the WV Legislature try to boost coal production.
JBK
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Natural Gas Drops Below $3 for First Time Since 2012 - Bloomberg
Natural gas slumped below $3 per million British thermal units in New York for the first time since 2012 on speculation that record production will overwhelm demand for the heating fuel.
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Natural gas prices plunge in mild winter - Yahoo Finance
>From Yahoo Finance: Heating bills across the United States are falling this winter as unusually warm temperatures in the Eastern United States have crimped demand for natural gas as a source of heat. The diminished demand ...
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http://www.cnbc.com/id/102289402
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Nat gas collapses—‘This is panic selling’
Call it the perfect nonstorm. Mild weather forecasts, a supply surplus and a general energy market swoon are crushing natural gas on Monday.
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