Gas Glut Reverses Lucrative 2016 Trade
Last edited Wed Mar 15, 2017, 10:31 AM - Edit history (2)
Source: The Wall Street Journal.
Gas Glut Reverses Lucrative 2016 Trade
Natural-gas futures have fallen 25% in the oversupplied market, hurting plans to grow U.S. exports
By Timothy Puko
Updated March 14, 2017 9:10 p.m. ET
A flood of natural gas swamping the U.S. is turning into a global glut, sinking prices and dimming the hopes of American producers to export their way out of an oversupplied domestic market.
Natural-gas futures have fallen 25% over the past 2 months. The declines continued Tuesday, with April futures dropping 3.45% to $2.938 a million British thermal units on the New York Mercantile Exchange. Shares of gas-production companies are among this years worst performers. ... Investors right now across the board just hate natural gas, said Pearce Hammond, an analyst at Simmons & Co. International in Houston.
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Many investors wagered that new gas-fired power plants and record exports would help burn off much of the excess supply in the U.S. But a historic level of exports hasn't been enough to transform a market dominated by unpredictable weather and massive new supplies from fracking.
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As recently as a few years ago, U.S. exports amounted to nothing. Now, new pipelines to Mexico and a terminal on the Gulf Coast send about 8% of U.S. output abroad. That could climb to nearly 18% in five years, Platts Analytics said. .... Overall, the U.S. is expected to be a net exporter by 2018, according to the U.S. Energy Information Administration. It has been nearly 60 years since the U.S. last shipped out more natural gas than it brought in annually.
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Write to Timothy Puko at tim.puko@wsj.com
Appeared in the Mar. 15, 2017, print edition as 'Natural-Gas Glut Deepens.'
Read more: https://www.wsj.com/articles/gas-glut-reverses-lucrative-2016-trade-1489492959
Trump to out-of-work coal miners: it's Obama's fault.
This story is of national interest, because as long as natural gas remains cheap, coal mines will remain shuttered. Later today, I will see what Ken Ward has to say at the Charleston {West Virginia} Gazette-Mail. He is the dean of coal mining industry writers in the US.
Kenwardjr: @Kenwardjr
https://twitter.com/Kenwardjr
Charleston Gazette-Mail reporter. Environment, workplace safety, related issues. Coal, other W.Va. industries. Leak to kenwardjr via Wickr text or ProtonMail.
Timothy Puko's article on natural gas is on the front page of today's TWSJ. Print title: "Natural-Gas Glut Deepens."
It has been my experience that if you access articles in The Wall Street Journal. via the author's or authors' Twitter feeds, you can go around the paywall. Try linking via that tweet below.
Tim Puko: @TimPuko
https://twitter.com/TimPuko
Stormy Bear; fresh as you like; energy markets; looks like a cartoon drawing of a @wsj reporter
Tim Puko Retweeted
Russell Gold: @russellgold
https://twitter.com/russellgold
· 17h17 hours ago
A US natgas glut becomes a global glut. Its too easy to find."
Link to tweet
= new reply since forum marked as read
If only he had allowed more fracking, we could have eventually invented coal fracking and those miners could have good jobs as the invisible hand of the free market slapped socialism and protectionism away. 
My favorite people are the ones who support free market competition but are against closing coal mines and want Trump to subsidize them with tax dollars or something. 
Since we have those job killing regulations because Obama hates coal miners so much.
Maybe if those immigrants hadn't stolen all our good mining jobs, you know the immigrants from Ireland and Britain way back in the day. 