• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 1 hour Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 18 mins Peak Oil is Now!
  • 12 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 41 mins Russians hacking vs U.S., Microsoft President: Russians Targeting All Political Sides
  • 56 mins Corporations Are Buying More Renewables Than Ever
  • 7 hours VW Receives Massive Order Of 1,600 All-Electric Trucks
  • 15 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 19 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 22 hours The EU Loses The Principles On Which It Was Built
  • 12 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 22 hours Film on Venezuela's staggering collapse
  • 21 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 18 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
Alt Text

New Shipping Regulation Could Be A Boon For LNG

The International Maritime Organization’s sulfur…

Alt Text

Is This The Next Natural Gas Giant?

Nigeria has long been renowned…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Why You Should Have Some NatGas In Your Portfolio

I know, I know – all the sexy in the energy world right now is in Oil – what with the latest OPEC ‘arrangement’ on quotas and the ramping up on stock prices of oil companies, particularly in the Permian basin. I’m trying to find a place to add to positions in oil myself, if only the oil market would lose a bit of the excitement from a lousy print over $50. Fifty? That’s not a rally – and the prices we’re seeing on Wall Street Permian darlings like Pioneer Resources (PXD) and Concho (CXO) are way ahead of $50 oil.

But natural gas – that continues to call me towards it. It’s not sexy, for sure – no big surprise announcements of concerted effort to control supply, nor a big hot new play that’s got everyone ready to spend money on virtually any acreage, dry or not. But the numbers keep pouring in, making natural gas look like the real opportunity heading into the late fall and winter, not oil.

Let’s start simple, with supply:

 

(Click to enlarge)

What could be simpler than this? Natural gas production is turning downwards for the first time in 4 years and significantly downwards for the first time in more than ten.

(Click to enlarge)

On the other side of supply is demand, where power generation from natural gas has not stopped growing, despite the slowing supply.

For the commodity itself, the chart looks equally dull – since the…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News