Natural Gas Prices Are On The Rebound
The commodities world goes in cycles, from boom to bust. At times, the price of a commodity falls so low that it cannot be produced cost effectively. Then, the commodity producers will drastically reduce production and eliminate projects. These actions will eventually lead to the particular commodity's price climbing higher again. Natural gas has recently gone through the bust phase as its price had fallen 75% over the past few months. However, there are reasons to be optimistic that natural gas prices will head higher. First and foremost, supplies of natural gas are being slashed. The number of natural gas…