Natural Gas Futures Prices Hit 6.5 Year Low
According to data from the NYMEX via the EIA, the price for natural gas futures hit a 6.5 year low of $3.84 (per Mil. BTUs) this week, the lowest level since September 2002 (see chart above).CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Saturday, March 14, 2009
According to data from the NYMEX via the EIA, the price for natural gas futures hit a 6.5 year low of $3.84 (per Mil. BTUs) this week, the lowest level since September 2002 (see chart above).About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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1 Comments:
Well, you kow they are building a big pipeline from Wyoming to Ohio don't you? Increasing supply, holding demand steady? That reduces prices? Econ 101.
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