TOD POLL: Where Will Natural Gas Close a Year From Now?
Posted on January 2, 2008 | Filed Under
This site primarily discusses crude oil, its ubiquitous role in transportation and underlying reasons for its 9 year price climb. Less frequent but almost as important are discussions about its invisible cousin, natural gas, which fires a meaningful % of our electricity, and serves as the feedstock for plastics, fertilizer, and various other important social goods, like diapers and milk jugs. Following a dramatic price spike after Hurricane Rita, we’ve encountered 2 mild winters and no hurricane problems - natural gas markets have been quite docile of late. Here is a POLL and open thread to discuss natural gas prospects for 2008.
Jean Laherrere - US Natural Gas production and producing gaswells. Click to enlarge.
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Here is a monthly chart of the CURRENT front month natural gas contract (Feb of 2008)
monthly Nat Gas price Feb 08 contract
Here is the recent trading history (daily) of this contract:
daily Nat Gas price Feb 08 contract
Here is the Feb 2009 contract which WILL be front month a year from now - as can be seen, it is $1.5 higher than the current front month contract, which implies the aggregate dollar vote is that the supply/demand situation will be tighter one year hence.
weekly Nat Gas price Feb 09 contract
What say you TOD readers?
Here are the POLL choices:
1)Above $20 per mcf
2)Between $15 and $20 per mcf
3)Between $12 and $15 per mcf
4)Between $10 and $12 per mcf
5)Between $8 and $10 per mcf
6)Between $6 and $8 per mcf
7)Between $4 and $6 per mcf
8)Between $2 and $4 per mcf
9)Below $2 per mcf
Please offer relevant links, references and opinions below after your vote.
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