Nat Gas Inventories Plunging

Investors need to keep an eye on the plunging nat gas inventories. The EIA reported today that inventories dropped a huge 201 Bcf for the week ending January 4th. The inventory levels are now below those of last year.

The price of nat gas remains low so that should continue encouraging the usage while at the same time E&P firms are not drilling more wells. This dual situation could eventually lead to much lower supplies and higher prices.

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