February 12, 2012

Natural gas prices are going through the floor

One often forgotten commodity is natural gas. You often hear a lot of talk about the price of oil, probably because the price of oil currently is going through the roof, while natural gas currently is going through the floor. Natural gas futures hit nearly $15 per thousand cubic feet in 2005 and is now trading at around $2.5. Here's the chart: forecast-chart.com

Here are some basic facts about natural gas:
  • 50 percent of the US households are using natural gas for heating
  • 25 percent of the US electricity is made from natural gas
  • It is common to make plastics, fertilizers and other chemicals, steel, beer - from or with the help of natural gas

Companies who may make some money from this are among others:

Source: Seeking Alpha