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Article: Unprecedented High Natural Gas Prices: Are They Sustainable?
- Article from:
- PR Newswire
- Article date:
- July 6, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ICF Consulting's Natural Gas Market Outlook Links High
Natural Gas Prices to Higher Crude Oil Prices
FAIRFAX, Va., July 6 /PRNewswire/ --
In June, natural gas spot market prices approached $4.50/MMBtu, and NYMEX futures were even higher -- more than double the previous year's prices. This raises two important questions: What is driving natural gas prices so high? How long will this continue? Using its proprietary natural gas resource and market assessment models, ICF Consulting recently simulated the market for the past two years and evaluated the factors that could affect natural gas prices. The findings are in the company's North American ...