Thursday, August 2, 2012
Drought May Spike Natural Gas Prices
The same drought that's spiking corn prices may do the same for natural gas. As Chrisopher Wallace explains in his SEEKING ALPHA post, Natural Gas Production Could Be Curtailed By Drought, drillers in Pennsylvania and in Texas are already encountering difficulties maintaining sufficient supplies of water to perform hydraulic fracturing or "fracking". The same issue may soon arise in the Montana and North Dakota.