Is Natural Gas Down for the Count?

 

<o:p></o:p>Wow! The August natural gas (“gas”) contract has fallen from a little over $13 per Million BTU to 10.57 at market close Friday, about a 20% drop in less than two weeks. Is it going to stay down, or pop back up? In favor of staying down there is increasing production from the U.S. deepwater, reduced demand from industries that supply house‑building materials, electricity from new windmill farms reducing the need for gas‑generated electricity and a build of 104 Billion Cubic Feet in the week ending July 11, 2008 (“the last week”).<o:p> </o:p>