Natural Gas Prices Sink with the Slowing Economy
The economy has hit a bit of a slump recently. Various commodity stocks are down, including oil and natural gas. Not only is the U.S. economy slowing, but the global economy is losing strength even further. What does this mean for natural gas? Clifford Krauss gives his opinion about the economy’s relationship with natural gas prices.
"…The slowing global economy has led to declining demand for oil in Europe and the United States and has curbed consumption growth in China and other developing countries.
Gasoline consumption in the United States was down 2.5 percent in September compared to the same period a year ago, according to a MasterCard Spending Plus survey. The survey has shown declines of 2 to 3 percent in the four-week moving averages of gasoline consumption every week since the week ending Aug. 5, reflecting a decline in economic activity."
Find additional research and charts here: http://turnkeyoil.com/2011/10/12/natural-gas-prices-sink-with-the-slowing-economy/