$2.00 Natural Gas is Temporary, Just Like $10 Gas Was

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We have watched, with some distress, the crashing and burning of the price for natural gas in recent weeks and months (see NYMEX Henry Hub Crashing and Burning – Lowest Close in 30 Months). It sure feels like we’re back in the bad old days of “lower for longer” when it comes to the price of gas. However, a futures and options broker (and book author) writing on Real Money says $2 gas like we are seeing now is “temporary” and won’t last, just like nosebleed $10 gas didn’t stick around last year.

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