Morgan Stanley Predicts Gas Market Oversupply Next Few Years

Natural gas is, as we have often pointed out, one of the purest commodity markets in existence. The classic supply/demand curve is at work. If there's more supply than demand, prices for gas move down. And conversely, if there's more demand than supply, prices move higher. We have been stuck in a sucky price pattern this year, not helped by a very moderate winter. The phrase on the lips of every landowner and driller is, When will the price move higher? According to analysts from Morgan Stanley, not anytime soon.

To view this content, log into your member account. (Not a member? Join Today!)