Natural gas prices may be awakening from
its two year coma. April nat gas now
approaching $4, a 1-year high. And the
spot AECO storage hub price in
southeastern Alberta is now pushing
$3.60 per gigajoule.
Apparently, U.S. nat gas usuage is now a
record with the boost in their
manufacturing due in part to cheap gas
prices. Production has flattened out and
overall supplies are down 20% from year
ago levels.
its two year coma. April nat gas now
approaching $4, a 1-year high. And the
spot AECO storage hub price in
southeastern Alberta is now pushing
$3.60 per gigajoule.
Apparently, U.S. nat gas usuage is now a
record with the boost in their
manufacturing due in part to cheap gas
prices. Production has flattened out and
overall supplies are down 20% from year
ago levels.
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