Saturday, September 27, 2014

Shale Boom Will Not Last

Natural gas and oil prices have been falling off a cliff.
This was expected, and it's the reason I've been shy on oil and gas in my stock advisory services for a few months now.
Natural gas has fallen from above $6.00/mmBtu in February to below $4.00 this month. Gas prices were around this price last September... and quickly added 80% over the next few months.
One Year Natural Gas Price Chart NYMEX
Oil prices haven't been this low, currently trading around $90/barrel, since January. (more)
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