Warm Weather and a Cold Shoulder to Drilling: The Beacon, 07/12/2020
The Headline: Warm weather forecasts and a strong natural gas storage position offset each other to create flat market conditions last week. The lack of drilling rigs and the higher-than-expected price curve after 2025 are clouds on the horizon for energy prices.
The Bottom Line: Energy prices are cheap through 2025 — lock in rates for as long as you can to avoid future overspending, and look at ways to reduce consumption and protect yourself from possible price increases in the long term.
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