January 5, 2016
...AND CHEAPER...:
Natural Gas Prices Finish Down 19% for the Year (NICOLE FRIEDMAN, Dec. 31, 2015, WSJ)
The natural-gas market posted its second straight year of losses in 2015 due to a growing oversupply of the fuel.After posting a 32% loss in 2014 amid robust production, prices slid another 19% this year due to still-ample output and surprisingly weak demand. A strong El Niño weather pattern has reduced the need for heating fuels in the U.S. in recent months, pushing natural-gas supplies to a record in November. Natural-gas prices fell to a 16-year low on Dec. 17.
Posted by Orrin Judd at January 5, 2016 3:23 PM