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A Hand Writing on the Wall for Natural Gas

December 12, 2017

We have seen the fall of coal. The Dow Jones Coal Index, which stood at over 723 at its high in 2008, was down over 94% to 41.36 on December 8. Just as telling, all of the companies that were its components in 2008 have disappeared. There is now only one company in the index, and it is new, cobbled together out of the wreckage of those that once were.

Now, we are seeing natural gas under a similar existential threat. The trend has been getting increasingly clear for a while. Though the media has almost entirely missed it, things now have seem to have got to an alarming state.

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