Remember this post just two weeks ago about natural gas futures contracts settling at an all-time high price over $15 per million British thermal units?
Well, markets have a funny way of reacting to such pinnacles, and the market for natural gas futures has been in a free-fall almost ever since that earlier post. Yesterday, natural-gas futures for January contracts dropped 10% and pushed prices below $11 for the first time on the New York Mercantile Exchange since mid-September before settling at $11.022 per million British thermal units. Prices for January contracts have fallen 23% since Dec. 21 as thin trading and forecasts for mild weather are powerful forces driving the price of contracts downward. Some traders are now predicting that gas-futures prices will fall below $10 after the New Year if above-normal temperatures persist.
Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
Reliant: Up to No Good?
Nobody in business is going to do you a favor; at best they might make a decent offer to beat out competition. At worst, you, the customer, might be tempted with a “great offer” that was anything but. I felt this was such a case; if t…