Bubble

Conventional wisdom says the bursting of the real estate bubble triggered the nation’s latest recession. But a researcher at the University of Texas at Austin (UT) puts the blame on energy — or rather the fact that citizens were forced to pay a greater percentage of their incomes for energy.

Conventional wisdom says the bursting of the real estate bubble triggered the nation’s latest recession. But a researcher at the University of Texas at Austin (UT) puts the blame on energy — or rather the fact that citizens were forced to pay a greater percentage of their incomes for energy.

The natural gas oversupply bubble, driven by gigantic growth in shale gas, could spread around the world, becoming a game changer for almost everyone.

The natural gas oversupply bubble, driven by gigantic growth in shale gas, could spread around the world, becoming a game changer for almost everyone, according to Jim Duncan, director for market analysis at ConocoPhillips Gas and Power.

Emerging high-volume natural gas shale plays may create a bubble in gas supply and cause pipeline supply bottlenecks in the Midcontinent, but their addition to U.S. supplies is vital to offset constrained Canadian imports and a lag in liquefied natural gas (LNG) supplies, an energy industry veteran said last week.

Emerging high-volume natural gas shale plays may create a bubble in gas supply and cause pipeline supply bottlenecks in the Midcontinent, but their addition to U.S. supplies is vital to offset constrained Canadian imports and a lag in liquefied natural gas (LNG) supplies, an energy industry veteran said this week.

If you can’t beat them, join them. After watching prices bubble higher last week, commercial and fund traders jumped in on the buy-side Monday to drive the natural gas futures market to new two-month highs.

After watching prices bubble higher during the overnight Access trading session, natural gas bulls were treated to a gap higher opening Tuesday morning, as concerns over storm curtailments lingered. However, once the follow-through buying had run its course and resistance in the $3.88-90 area had held, prices shuffled lower in the afternoon. The November contract finished at $3.862, up 12.2 cents on the day, but down 2.8 cents from its high for the session.

Futures got crushed again yesterday. After settling at $2.737,down 8.8 cents on the day, the October contract plunged to the mid$2.60s during the after hours Nymex Access trading session,following what was perceived to be a very bearish gas storagereport by the American Gas Association. Just one week ago, theOctober contract reached a high of $3.15/MMBtu.