This time of year, we are at the end of the bad weather. The need for NG goes down, so prices go down. The new drilling technology used in Shale Gas has produced a glut of NG, meaning price is going down. The hope is new users; it is coming and will not be stopped by Obaminable. Trucking will be the newer user of CNG to start with. Latter when LNG will become available for export, watch out.
Natural gas tumbles to nine-year lows following the 87B cubic feet draw announced today by the EIA. But unhedged natural gas trusts haven't fully priced in the glut of natural gas, which could translate into more downside for companies like San Juan Basin Royalty Trust (SJT -3.6%), Hugoton Royalty Trust (HGT -1.8%) and Sabine Royalty Trust (SBR +0.2%). (submitted by Todd Johnson) Comment! [Commodities, On the Move]