In the last six months or so interest in controlling carbon (CO2) emissions in the United States has exploded, and the natural gas industry has awakened to the idea that the coming years could be its time to shine as it provides a “bridge” from pulverized coal-fired power generation to clean-coal and other technologies.
Awakened
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Warming Temperatures Awakened Bears from Brief Hibernation
Moderating weather, low storage withdrawals and price-negative technicals were more than natural gas traders could handle last week as they increased their short positions and pressured prices to new lows. The February contract was the hardest hit by the selling, shedding 50 cents last week to carve out a new life-of-contract low at $2.25. Even a slim 0.7-cent gain to $2.275 on Friday, did little to dissuade the bears who look for more weakness this week.
January 7, 2002
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