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Natural Gas a Long-Term Vision
JOHANNESBURG, SOUTH AFRICA--(Marketwire - May 17, 2010) - www.rothmanresearch.com - Demand and Supply is the basic mechanism to evaluate price for a commodity. All commodity producers look for higher prices to be profitable and for this to happen demand must be higher than supply. Nowadays, supply for natural gas is overwhelmingly higher than demand, making natural gas prices very affordable for end-users and less profitable for suppliers. Natural gas prices have declined by almost 70% from their high in 2008. With North-America's natural gas reserves estimated at around 12 trillion cubic feet, natural gas prices are anticipated to stay depressed in the near- to mid-term. However, many industry experts believe natural gas, being domestically more abundant than oil, could play a vital role in the long-term and help offset the current dependency on foreign oil.
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