Natural gas is now our main source of electricity, and thanks to the shale production revolution prices collapsed from $8.86 per MMBtu in 2008 to just $2.52 in 2016. Prompt month September prices are now below $2.80, a shoulder month and blue weather maps for the next two weeks mean a bearish market. So far this summer, although hotter on the low demand Western coast, we simply haven't had a prolonged heatwave to increase prices.
Gas is not just cleaner but also has unmatched versatility: no single sector accounts for more than 35% of all gas usage - utilized in electricity, industry, heating, transportation, and more. Gas is the most interesting and talked about major fuel market these days and in future, so continually arm yourself with some gas knowledge:
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