There is plenty of life left in US natural gas

Winter 2013 shows potential for volatility, argues Kaminski

Vincent Kaminski
Vincent Kaminski

During the past few years, US natural gas markets were the Rodney Dangerfield of the commodity trading industry: they were not getting any respect. The shale revolution and expansion of the country's pipeline network suppressed volatility and diminished locational price differences. Consequently, some very successful hedge funds closed down or curtailed their natural gas trading desks, while it became difficult to find consenting adults willing to invest in natural gas-oriented start-ups. A perc