Across the world, the prices of oil and natural gas have been on a steading increase due to very many factors one being the diminishing of these natural resources. As a result, people have had to part with much more than before to pay for the cost of their heating bills.
Natural gas is the new go-to source for electrical power. And the price of natural gas could soar in 2018. Here’s why . . .#Energy #NaturalGas #investing #Markets #Commodities #BanyanHill $DIG $DUG $UNG https://t.co/WIw7KglLIj
— Matt Badiali (@Matt_B_Guru) December 19, 2017
Natural gas for a long time has been used to generate the electricity that is used to heat homes and as it prices go up so too does the electricity bill. In 2018 this cost is expected to even higher as many areas across the United States continue to experience record-breaking freezing conditions this winter. For more updates, Like the page on Facebook
Acting in as the perfect alternative source of generating electricity natural gas made its way to replace the use of coal to generate electricity. Initially, the cost of using natural gas to generate electricity in homes was high. This was because it distribution was challenging as there were not enough pipelines to connect homes.
In the 90’s things took a different turn as homes got connected to the main pipelines that had been laid across the country. Little by little the use of natural gas edged out the use of coal to generate electricity. The coast of natural gas then plummeted to $ 1.65 per thousand cubic feet or MCF in 2016 from $ 14 MCF in the year 2008. In percentage, this was a very significant drop of 88 percent in only eight years. Learn more at Seeking Alpha about Matt Badiali
The price of natural gas remained cheap since the gas produced is stored up during summer and is only used to generate electricity used for heating during winter. Regardless of this, the price is slowly rose after 2008 and was at its peak in 2014 despite being low in 2010. It’s the same trend that has been occurring, and the price would increase in 2018 following the same pattern of 2014.
Matt Badiali has spent more than twenty years studying natural resources across the world. His knowledge and expertise get sought after in many industries including energy, mining, and agriculture.
Through his work, he has had the opportunity to travel to many places across the globe and just to mention, but a few of the places he has visited are Hong Kong, Iraq, Singapore, Papua New Guinea, Turkey.
All his visits have seen him talk with many CEO who control many of the industries associated with mining, agriculture, and energy gaining himself first-hand news of how they work. This approach has enabled make sound judgment before investing.
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