• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 1 hour In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 4 hours Will Uncle Sam Step Up and Cut Production
  • 12 mins Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 10 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 10 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 2 hours * 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on terrorism, wars, lopping off heads * Too late now
  • 4 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 10 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 15 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 24 hours Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 1 day Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 23 hours Why Oil is Falling (including conspiracy theories and other fun stuff)
  • 13 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 5 hours US Petroleum Demand Strongest Since 2007
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

The Real Bullish News For U.S. Natural Gas

There's been a lot of excitement lately about rising natural gas prices in the U.S.

The numbers in this market have indeed been eye-catching. With front-month NYMEX natgas rising 35% in the last two weeks alone. Topping $6 per mcf during the last few trading sessions.

The catch is that most of these gains have been driven by ultra-cold weather across the U.S. A phenomenon that's guaranteed to be temporary.

Temperatures (and knock-on gas demand for heating) will get back to normal over the next few months. But some other key changes may be suggesting this is just the beginning for the natgas rally.

Most notably in key gas-producing state Pennsylvania. Where legal changes are afoot that could derail big production here.

Last week, the Pennsylvania Supreme Court upheld a decision to allow municipal governments in the state to regulate fracking. This legal decision had originally been set by the court last December. But pro-fracking campaigners--including the state government--had been pushing to have it reconsidered by the court.

There will be no review of the law. Opening the door for local governments in Pennsylvania to pass fracking bans--of the kind proposed in many pockets of America's oil and gas backyard.

This could have a major impact on natgas production in a key area for supply. Fracking bans, if passed, will obviously halted drilling in some parts of the state. And the ensuing patchwork of legal regimes could slow permitting and the pace of expansion here.

That's critical because the Marcellus is actually one of the few areas of the U.S. where natgas production is still growing. Most other shale gas plays have actually topped out--now seeing basin-wide production rates trending down.

If the engine of growth in the Marcellus sputters, it will greatly impact overall supply. And would provide an upward push for natgas prices. Especially coming on the heels of big drawdowns of stored natgas inventories triggered by the recent cold snap.

This is a development to watch. Data isn't easy to find on overall Marcellus output, but I'll be digging deep to track this trend. More for you soon.

Here's to the real push for higher prices,

By Dave Forest




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play