Real Residential Natural Gas Prices Fall to 8-Year Low, Commercial Prices to 9-Year Low

By Mark J. Perry: (Click to enlarge)

In a recent speech, Obama mocked the "drill, drill, drill" strategy, and called it a "bumper sticker," not a real solution to high prices at the pump.  Well, the d

According to data released this week by the EIA, the U.S.

By Bard Luippold:Natural gas has experienced a powerful rally over the last few weeks, driven in the short-term by record high temperatures across much of the United States.

The reason oil companies have gone bankrupt over the past few years is not due to “historically low oil and natural gas prices” as stated in this article. Here is a long term inflation adjusted price chart: (Click to enlarge) Does the current price look historically low on an inflation adjusted basis? Here is the chart not adjusted for inflation.   (Click to enlarge) Natural Gas prices are closer to the lower end of the price range. Below is the inflation adjusted long term natural gas price. (Click to enlarge)However, for as far…