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Is Natural Gas Making A Comeback?

Seeking Alpha -- The price of natural gas (short term delivery) continued its slow ascent during the previous week. The recent rise may have been driven by the sharp drop in temperatures and snowy weather in parts of the Midwest and Northeast. Despite the plunge in temperatures, the natural gas storage depletion rate was slower than in the five year average. Will natural gas prices continue to rise? Let's examine the recent developments in the natural gas market.

During last week, the future price of Henry Hub (short term delivery) edged up by 0.52%. Conversely, United States Natural Gas (UNG) edged down by 0.5%. As of last week, the Henry Hub future prices were nearly $0.23 per mil. BTUs above natural gas price for the same week in 2011. The recent rise in the price of natural gas, may have contributed t

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Submitted Dec 31, 2012 By: mastermariner

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honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Jan 2, 2013 11:01:05 PM Ignore honda0105 Report Abuse ummm.. comeback?
HawaiianGuy Champion Author Idaho Posts:9,519 Points:3,077,845 Joined:May 2003	Message Posted: Jan 2, 2013 6:04:21 AM Ignore HawaiianGuy Report Abuse Where the heck have you been the last couple of years?
goldrose1 Champion Author Cleveland Posts:10,931 Points:1,923,530 Joined:Feb 2005	Message Posted: Jan 2, 2013 5:28:33 AM Ignore goldrose1 Report Abuse check. So cold...
sjf238 Champion Author Philadelphia Posts:1,215 Points:647,655 Joined:Mar 2011	Message Posted: Jan 1, 2013 8:57:49 PM Ignore sjf238 Report Abuse ok
my2002m Champion Author Tulsa Posts:6,069 Points:1,669,325 Joined:Jul 2008	Message Posted: Jan 1, 2013 6:13:16 PM Ignore my2002m Report Abuse If we start exporting then prices will go up again.
Mariuxus Champion Author Chicago Posts:3,755 Points:1,870,090 Joined:May 2007	Message Posted: Jan 1, 2013 4:25:39 PM Ignore Mariuxus Report Abuse ok...we'll see...
remay Champion Author Houston Posts:6,963 Points:2,116,640 Joined:May 2006	Message Posted: Jan 1, 2013 3:39:56 PM Ignore remay Report Abuse Sure, jack up the price so IT will no longer be competitive as a fuel source...
snappytom2 Champion Author Corpus Christi Posts:3,541 Points:274,320 Joined:Jul 2008	Message Posted: Jan 1, 2013 10:56:59 AM Ignore snappytom2 Report Abuse `Time will tell.
atdinut Champion Author California Posts:1,608 Points:353,985 Joined:Apr 2012	Message Posted: Jan 1, 2013 10:38:33 AM Ignore atdinut Report Abuse Comeback?!Here in CA natural gas has
ironbox_sara Champion Author Albany Posts:9,586 Points:2,237,780 Joined:Mar 2006	Message Posted: Jan 1, 2013 10:28:13 AM Ignore ironbox_sara Report Abuse My dream is for a NG car and a fueling station at home.
Ltdc Champion Author Long Island Posts:7,210 Points:1,676,895 Joined:Jul 2007	Message Posted: Jan 1, 2013 10:25:01 AM Ignore Ltdc Report Abuse With all the gas that's available it's hard to believe the price would rise much.
beohbeNJ Champion Author New Jersey Posts:2,042 Points:533,455 Joined:Sep 2011	Message Posted: Jan 1, 2013 10:23:49 AM Ignore beohbeNJ Report Abuse Blah blah blah!
95Vette Champion Author Missouri Posts:2,515 Points:630,705 Joined:Sep 2005	Message Posted: Jan 1, 2013 10:21:44 AM Ignore 95Vette Report Abuse The price of NG has always risen as the cold weather comes on in the Midwest. That is not news to those of us that live here!
JWHITE1937 Champion Author Massachusetts Posts:2,519 Points:996,030 Joined:Aug 2006	Message Posted: Jan 1, 2013 10:20:58 AM Ignore JWHITE1937 Report Abuse Should!!
gasokie Champion Author Oklahoma Posts:3,442 Points:1,323,805 Joined:May 2007	Message Posted: Jan 1, 2013 10:20:44 AM Ignore gasokie Report Abuse A little hike in Natural Gas Prices may be good for exploration. But we need to keep on converting trucks and buses to CNG as well as cars. And it's happening. Natural gas may be something we can export in the future to help with our balance of payments and save the dollar.
BJ1947 Champion Author Oklahoma Posts:1,272 Points:479,675 Joined:Mar 2011	Message Posted: Jan 1, 2013 10:20:27 AM Ignore BJ1947 Report Abuse we'll see!
BlueVanGroup Champion Author Colorado Posts:7,202 Points:1,527,580 Joined:May 2008	Message Posted: Jan 1, 2013 10:20:05 AM Ignore BlueVanGroup Report Abuse "sharp drop in temperatures" -------- Gee, in winter? Who would have guessed? :-)
Tutootin Champion Author Toronto Posts:10,111 Points:3,075,480 Joined:Jun 2004	Message Posted: Jan 1, 2013 10:19:45 AM Ignore Tutootin Report Abuse A comeback? I thought that it was already here and prominent.
wshokie12 Champion Author Winston-Salem Posts:1,315 Points:215,435 Joined:Aug 2012	Message Posted: Jan 1, 2013 10:19:03 AM Ignore wshokie12 Report Abuse Okay
viperND Champion Author South Bend Posts:3,305 Points:734,965 Joined:Apr 2011	Message Posted: Jan 1, 2013 10:19:01 AM Ignore viperND Report Abuse :/
fisherMI Veteran Author Michigan Posts:255 Points:21,900 Joined:Sep 2011	Message Posted: Jan 1, 2013 10:18:53 AM Ignore fisherMI Report Abuse Lets hope that rise will be short lived and we all need the natural gas prices to drop or at least be stabilized this year.
satrn38mpg Champion Author Raleigh Posts:5,062 Points:1,052,065 Joined:Sep 2009	Message Posted: Jan 1, 2013 10:18:07 AM Ignore satrn38mpg Report Abuse we still have a long way 2 go for better alternatives >>
packards42 Champion Author Washington Posts:6,442 Points:1,127,615 Joined:Feb 2005	Message Posted: Jan 1, 2013 10:18:06 AM Ignore packards42 Report Abuse Industry will push exports until the US price match World Market 300% of the current price. We need to push Obama to cut the exports.
Pramodsharma Champion Author Richmond Posts:1,974 Points:385,890 Joined:Feb 2012	Message Posted: Jan 1, 2013 10:17:44 AM Ignore Pramodsharma Report Abuse Yes, It is good alternate energy resource and its comeback is always welcome.
marion1739 All-Star Author Missouri Posts:819 Points:258,410 Joined:Jan 2011	Message Posted: Jan 1, 2013 10:17:02 AM Ignore marion1739 Report Abuse Only because we are tied to the world market not just the US market
ARCO Champion Author Pittsburgh Posts:2,343 Points:2,376,395 Joined:Sep 2005	Message Posted: Jan 1, 2013 10:16:43 AM Ignore ARCO Report Abuse TIME WILL TELL
vernsimpson Champion Author Twin Cities Posts:1,002 Points:258,630 Joined:Jul 2012	Message Posted: Jan 1, 2013 10:15:10 AM Ignore vernsimpson Report Abuse Maybe.
teatiger Champion Author Dallas Posts:2,675 Points:1,475,890 Joined:Nov 2008	Message Posted: Jan 1, 2013 10:14:15 AM Ignore teatiger Report Abuse Ok
thirstyauto Champion Author Milwaukee Posts:14,705 Points:1,618,670 Joined:Nov 2008	Message Posted: Jan 1, 2013 10:13:36 AM Ignore thirstyauto Report Abuse It's not making a comeback, it never left!!
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Jan 1, 2013 10:13:18 AM Ignore bicycler Report Abuse It is in our house, cheap, clean and efficient!
moregas1966 All-Star Author Columbus Posts:700 Points:138,580 Joined:Dec 2012	Message Posted: Jan 1, 2013 10:13:00 AM Ignore moregas1966 Report Abuse dont known
Liberty2000 Champion Author Indianapolis Posts:1,739 Points:280,520 Joined:Jun 2007	Message Posted: Jan 1, 2013 10:12:48 AM Ignore Liberty2000 Report Abuse Cheaper than fuel oil.
RobertSpratt Champion Author Virginia Beach Posts:4,830 Points:1,044,790 Joined:Jul 2007	Message Posted: Jan 1, 2013 10:12:45 AM Ignore RobertSpratt Report Abuse Keep our natural resiurces here for our use.
thirstyram Veteran Author Ontario Posts:254 Points:606,960 Joined:May 2010	Message Posted: Jan 1, 2013 10:12:22 AM Ignore thirstyram Report Abuse As demand goes up, so will the price.
scrossi Champion Author Indiana Posts:3,879 Points:1,047,515 Joined:Dec 2008	Message Posted: Jan 1, 2013 10:10:40 AM Ignore scrossi Report Abuse True erndog0331.
erndog0331 All-Star Author Tucson Posts:611 Points:182,735 Joined:Oct 2012	Message Posted: Jan 1, 2013 10:09:53 AM Ignore erndog0331 Report Abuse It never left
Buffalo Joe Champion Author Alberta Posts:8,591 Points:2,507,900 Joined:Feb 2003	Message Posted: Jan 1, 2013 10:09:02 AM Ignore Buffalo Joe Report Abuse It should, it is cheap.
Old Timer Champion Author Akron Posts:3,737 Points:1,262,040 Joined:Sep 2003	Message Posted: Jan 1, 2013 10:08:44 AM Ignore Old Timer Report Abuse Comeback? It never went away.
garyr86 Champion Author Michigan Posts:1,995 Points:603,580 Joined:Dec 2010	Message Posted: Jan 1, 2013 10:08:44 AM Ignore garyr86 Report Abuse It will be interesting to see in 10 years what everyone is using.
craigsfrank Champion Author Arkansas Posts:2,198 Points:839,080 Joined:Jun 2010	Message Posted: Jan 1, 2013 10:07:50 AM Ignore craigsfrank Report Abuse The cheapest option is always the most popular option.
drillintheUSA All-Star Author Rochester Posts:878 Points:181,910 Joined:Apr 2008	Message Posted: Jan 1, 2013 10:07:17 AM Ignore drillintheUSA Report Abuse KO
WestDriver All-Star Author Grand Rapids Posts:679 Points:547,270 Joined:Oct 2006	Message Posted: Jan 1, 2013 10:06:45 AM Ignore WestDriver Report Abuse Comeback? Never went away. It's just increasing in use as the prices drop. This article says the prices are going up, but it's only a recent increase. Looking at prices for years, it is still a very good value.
Don20 Champion Author Oklahoma City Posts:9,667 Points:2,618,655 Joined:Mar 2005	Message Posted: Jan 1, 2013 10:06:38 AM Ignore Don20 Report Abuse Didn't know it left. Natural gas will be the fuel of the future...
henryeOH Champion Author Akron Posts:1,071 Points:58,845 Joined:Jan 2011	Message Posted: Jan 1, 2013 10:06:19 AM Ignore henryeOH Report Abuse Yea yea
maxcap59 Champion Author Texas Posts:2,764 Points:593,020 Joined:Apr 2011	Message Posted: Jan 1, 2013 10:05:12 AM Ignore maxcap59 Report Abuse Comeback? I didn't know it went anywhere. Despite our government's attack on them, that industry is growing.
jayrad1957 Champion Author Los Angeles Posts:19,641 Points:1,596,515 Joined:Nov 2008	Message Posted: Jan 1, 2013 10:05:02 AM Ignore jayrad1957 Report Abuse Didn't know it had gone away.
EdWoods Veteran Author Maryland Posts:426 Points:64,125 Joined:Aug 2012	Message Posted: Jan 1, 2013 10:04:42 AM Ignore EdWoods Report Abuse Comeback?? Didn't know it went anywhere.....
Asbury09 Champion Author Iowa Posts:7,208 Points:1,529,330 Joined:Jan 2009	Message Posted: Jan 1, 2013 10:04:38 AM Ignore Asbury09 Report Abuse natural gas will be steady as long as it stays stateside
Sego Veteran Author Florida Posts:383 Points:70,305 Joined:Apr 2012	Message Posted: Jan 1, 2013 10:03:04 AM Ignore Sego Report Abuse It's been doing this up and down thing for as long as I can remember.
TRAIN RIDER Champion Author San Bernardino Posts:9,072 Points:2,755,870 Joined:Oct 2004	Message Posted: Jan 1, 2013 10:02:45 AM Ignore TRAIN RIDER Report Abuse As long as they can still drill it.