Natural Gas

FrankSlaughtery · Jan 16, 2012

NG down. again. after it broke through the $3 support it's down 45 cents.

Bob111 · Jan 17, 2012

Damn! -7%! dunno..but it looks like capitulation..brutal..

ogarbitrage · Jan 17, 2012

Quote from ogarbitrage:

$2.40 by end of Jan would not be surprising.

ogarbitrage · Jan 19, 2012

Today's low in Feb ng (so far): 2.362

MBC · Jan 23, 2012

Quote from ogarbitrage:

Today's low in Feb ng (so far): 2.362

Here we go!

Shorts going to take some pain .25 move in just a few hours up over 10 percent! climbing

ogarbitrage · Jan 23, 2012

Yes that squeeze was brutal.

darwin666 · Jan 27, 2012

Quote from sprstpd:

Stupid question, but how come my energy bill doesn't go down (house heated by natural gas) when the price of natural gas goes down?

A+++.. quote

same here.. WTF... the utility companies are screwing us. and not passing on any of the low costs to us..

darwin666 · Jan 27, 2012

Quote from ogarbitrage:

Shale gas combined with increasing LNG liquefaction capacity is going to depress NG prices for years to come. Qatar Gas and Gazprom are already flooding US pipes w/ decompressed LNG and this is unlikely to stop as both need to find any markets to sell their gas into.

If you're in NG for the bounce then be in it for the bounce w/ tight risk, but don't be long NG long term - you will get crushed.

Sorry. I had done a research project some years back and the cost of 1MM btu approx 1000 cu ft.

cost at source 50 cents. .by the time u liquefy it and transport it - LG option and pay for all infra cost and re gasify it.. it cost like 4.5$. total 5$.. cost delivered.. hence its not cheap. japan is doing the same for decades. then japan got the wise idea to save money and diversify . the fukushima nuclear way.. we know what happened..N. gas is the cleanest , safest fuel for the long run.

FrankSlaughtery · Jan 28, 2012

Quote from darwin666:

Sorry. I had done a research project some years back and the cost of 1MM btu approx 1000 cu ft.

cost at source 50 cents. .by the time u liquefy it and transport it - LG option and pay for all infra cost and re gasify it.. it cost like 4.5$. total 5$.. cost delivered.. hence its not cheap. japan is doing the same for decades. then japan got the wise idea to save money and diversify . the fukushima nuclear way.. we know what happened..N. gas is the cleanest , safest fuel for the long run.

re to the above and LNG exports, the NG price in europe is much higher b/c NG is not traded globally like CL - it's more of a regional product. this is changing w/ LNG exports though. the reason arb doesn't eliminate this overnight (buy NG here at 2.5 add in costs for transpo then sell over there at 7.5 = winning) is b/c the infrastructure isn't there to export from the US to europe again this is slowing changing.

darwin666 · Feb 3, 2012

btw. I called up Reliant energy - local electricity provider. owned by NRG

they told me. electricity prices for 12 months. is 8.6 cent/ kwh.
it is based on natural gas prices...
WTF..

NG prices are All time low. still their rates have not moved much infact higher than last year. what the hell is going on.. i think utility companies are not passing off the low prices to us.