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U.S. Natural Gas Likely to Stay Pressured

By Don Dion

 About this article:
 Judging by the International Energy Agency's World Energy Outlook for 2009, ETF investors looking forward to a rebound in the U.S. Natural Gas Fund still have quite a wait in front of them. Year to date for the period ending Nov. 10, UNG has plummeted 60%, thanks to slumping demand coupled with staggering oversupply According to the report, while economic recovery could spur an increase in demand in the near future, the current supply issues facing gas will keep prices depressed until 2015. Representatives explain that the oversupply would likely stem from the U.S.' decreased demand for imported gas. The U.S. already produces about 90% of its natural gas need domestically, and many companies have begun to turn to unconventional methods as a way to produce the fuel stateside. Recently, Pennsylvania officials opened nearly 32,000 additional acres of state forest for lease to shale gas...

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