January 17, 2012

DEFLATION ALWAYS CATCHES THE EXPERTS OFF GUARD:

Natural gas price drop helps families, businesses (Jonathan Fahey, 1/16/12, Associated Press)

 The price of natural gas in the U.S. is plummeting at a pace that has caught even the experts off guard.

A 35% collapse in the futures price the past year has been a boon to homeowners who use natural gas for heat and appliances and to manufacturers who power their factories and make chemicals and materials with it.

The country is flush with natural gas as a result of new and controversial drilling techniques that have enabled energy companies to tap vast supplies that were out of reach not so long ago. The country's natural gas surplus has been growing even as the country burns record amounts.

Posted by at January 17, 2012 3:22 PM
  

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