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Premium Content The Future For Natural Gas Is Far From Certain By David Messler - Jan 07, 2021, 7:00 PM CST Natural gas seems to be locked in a range that prevents it from being truly economic across the demand cycle. As you can see from the graphic below, for about half of 2020 it was below the $2.00 mark. Weather forecasts for a cold winter, beginning in August of 2020, began to ramp it toward its ultimate 2020 high of ~$3.50 per MCF on October 30th. If you average out the 2020 sales price for gas you get something like $2.17 MCF. MarketWatch That’s a price that most of the gas...

Apparently, the people who run pipeline companies are starting to agree with me. This year, as much as 30% of the original CAPEX dedicated to building pipelines has been deferred or canceled, according to a recent WSJ article. Some of this is probably a lessening need for some of this infrastructure that was planned a few years ago, when the energy market was roaring, and all you heard was "takeaway capacity limitations." It's also likely a case of fatigue at fighting every mile in court. In addition to the problems mentioned above with Energy Transfer’s Dakota Access Pipeline and Enbridg...