Surge in Natural-Gas Price Stoked by New Global Trade

[jpak]

http://online.wsj.com/article/SB120847521878424735.html?mod=hpp_us_whats_news

Americans feeling the pain of record gasoline prices now face the likelihood of another fuel shock, from natural gas.

Prices in the U.S. have risen 93% since late August as power-hungry nations like South Korea and Japan compete in a global natural-gas market that scarcely existed a half-decade ago. Still, U.S. prices are as low as half the level of some overseas markets, suggesting they have much further to rise.

<not much more>