Natural Gas Futures Lowest Since 1998; Rig Counts Lowest Since 1987

March 4, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

Natural gas prices have fallen to a 17-year low. The number of drillers that can remain profitable at these prices has also collapsed.

There’s only 97 rigs operating today compared to 900 about five years ago. This is the first dip below 100 rigs in three decades.

Natural Gas Monthly Chart

Continue Reading at MishTalk.com…

ALL CONTENT ON 'FINANCIALSURVIVALNETWORK.COM' IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'FINANCIALSURVIVALNETWORK.COM' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. THANK YOU.