Natural gas makes decade low, still bearish
Natural gas hit a decade low and shows us once again the cyclical nature of commodities. Back in 2002, the last time natural gas was this low, the market was still trying to come to grips with the post 9-11 slowdown. Yet behind the scenes there was increasing worries about natural gas, which for years we had taken stable natural gas prices for granted. There was a movement toward cleaner burning natural gas and a surge in electricity demand as it seemed everyone in the country was leaving those computers plugged in. Natural gas was the best alternative for electricity generation as coal was too dirty and nuclear was a dirty word.
