Natural gas consumers just got a big subsidy from investors, but it can’t continue

It isn’t often that the world’s working stiffs get a chance to fleece rich investors. But that’s essentially what has happened as a result of the vast overinvestment in natural gas drilling in the United States. That overinvestment has led to a glut which last April pushed the price of U.S. natural gas down to $1.82 per thousand cubic feet (mcf), a level not seen since 2001.Investors have essentially subsidized natural gas through huge loss-making investments, creating an oversupply that […]