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Natural Gas Prices May (Will) Hit Record This Winter
8:18 am PST, 30 September 2004 Tight supplies are driving fears natural gas prices may hit records this winter. So far, prices have jumped 17 percent in two days, shocking millions of Americans who heat their homes with natural gas. The price for a million British thermal units of natural gas trading in New York for delivery in November rose 56 cents, or 8.8 percent, to $6.911 Wednesday as supply jitters rattled investors, USA Today reported. That price increase came on a day when crude oil prices fell from reaching a record of $50 a barrel. "If we have a normal winter ... we will probably see prices in the $10-to-$12 range and possibly higher," says Andy Weissman, chairman of Energy Ventures Group, a Washington-based investment firm. Posted by: Mark Espinola 2004-09-30 |
| http://www.rantburg.com/poparticle.php?ID=44717 |