$4.00 Natural Gas and Increased Price Volatility Ahead?
- Incredibly mild winter weather has pushed natural gas and electricity prices to unsustainably low levels, created a hedging opportunity for electricity and natural gas users that could fade quickly.
- The natural gas market has tightened severely, with supply dropping at the same time that core demand for natural is rising sharply, creating a major imbalance in the natural gas market.
- A hot summer could drive prices sharply higher for both natural gas and electricity – potentially putting $4.00/MMBtu NYMEX natural gas in play later this year or for winter 2017-2018
- Looking forward, growth of LNG will be an enormous risk factor for both natural gas and electricity prices—likely leading to significantly enhanced price volatility in coming years.
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