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The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices...

  • Tuesday, January 17, 2012, 10:46 AM ET
    The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices is shelving alternative energy projects from NextEra (NEE), Exelon (EXC), and CMS, but Michael Morris of American Electric Power (AEP) warns about becoming too dependent on gas. "The way to make $4 gas, $8 gas is for everyone to go out and build ... natural-gas plants."
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This news story has 5 comments:

  •  
    Nat. gas at the well head is worthless! In fact, most of it around the oil fields of the world is flared off. It is an expense in the way of oil production.

    The only way it has value is to build infrastructure to pipe it to a demand point.

    End user demand is down, the weak economy and the warm heating season. The prospect for the future is more dismal with global warming.
    17 Jan 2012, 06:04 PM Reply Like
  •  
    Actually,end user demand has been increasing, drilling is collapsing. So the correction is already beginning,as always. Time to buy gas producers
    17 Jan 2012, 09:21 PM Reply Like
  •  
    Flaring off gas is old school. Now everyone wants to keep the under ground pressure. Hope NG makes a new bottom with a good long base. Could be a good long term investment.
    18 Jan 2012, 01:50 AM Reply Like
  •  
    In the big Bakken oil field in North Dakota the gas is flared off. Quite a sight at night.
    20 Jan 2012, 10:35 AM Reply Like
  •  
    Why is PTEN being tied to Nat gas when its a pure driller, not a producer, or am I missing something?
    20 Jan 2012, 12:50 PM Reply Like
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