changing dynamics, page-7

From the Latest US Energy Report.
Normally pretty accurate.


"U.S. Natural Gas Prices. The Henry Hub spot price averaged $3.97 per MMBtu in March, 12 cents lower than the average price in February and 6 cents lower than the March forecast in last month's Outlook (Henry Hub Natural Gas Price Chart). EIA expects that the Henry Hub price will average $4.10 per MMBtu over 2011, a decline of 29 cents from 2010. However, the projected Henry Hub price rises to $4.55 per MMBtu in 2012."

Cheap and plentiful shale gas will hold back prices, potentially for many years.