Record low temperatures in much of the U.S. have kept air conditioners from running, and electricity demand low. The low demand, coupled with an inventory buildup running at a record pace, has led to price declines for natural gas. As you can see on my chart of estimated energy costs per million BTUs for various fuel sources, natural gas is heading toward parity with coal. Meanwhile prices for oil remain elevated, and post-Fukushima Uranium prices continue to fall.
Latest posts by E.J. Smith (see all)
- Dividends Win Today, They Won Yesterday, and They’ll Probably Win Tomorrow - September 13, 2019
- Trump’s Plan to Finally Privatize the Mortgage Industry - September 12, 2019
- You Can Kiss Your Savings Goodbye if this Happens - September 11, 2019