Wednesday, March 11, 2020

Natural gas has bottomed out

One of this week's few winners is natural gas, which has finally bottomed out after making multi-year lows.  
Natural gas is a byproduct of shale oil. With the sharp drop in crude oil prices, the supply of natural gas will be reduced as many of the high-leveraged shale oil players go offline.
BTW, natural gas has replaced coal to a large extent in electricity production.

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