Latest EIA Numbers Show NatGas Production Still High
Energy industry consultant and investment analyst Richard Zeits writes on the Seeking Alpha website about the U.S. Energy Information Administration’s latest natural gas production statistics released on Friday. He observes that natural gas production in May and June for the lower 48 states remained virtually unchanged. Which means the commodity price for natural gas is likely not going up any time soon. Huge quantities of supply with the same demand equals low prices—Econ 101.