Remember back in April when people on TV were saying that natural gas would remain at $1-$2 because we had such a glut of supply out there?
It sounds right … until you really think about it. The first question I asked myself when I heard that was, “what does it take for a natural gas company to break even?”
As it turns out, it costs them $3 to $9 to pull the gas out of the ground … with the average being around $5.
Well, these companies aren’t charities. They’re for-profit businesses. That’s why I knew they’d do everything in their power to get the price of natural gas up.
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