Nonstop drilling in US shale gas plays will keep the US market awash in supply and gas prices at or below $4 per million Btu throughout 2011 and beyond, according to a growing body of US gas market pundits. "Gas futures prices have the potential to fall to low as the $2-$3/MMBtu area over the next several weeks and months, until we see enough demand and supply reactions that would return prices back up near $4 again," said a gas trader for a hedge fund in New York. "Power plants are standing ready to switch to gas from coal when the fuel hits some substantial lows — which will ultimately halt the slide."
展开▼
