Tax efficient CFD trading
The retreat evident over the last few weeks appears to have turned into a full-blown rout, with little sign of any upward pressure on prices appearing any time soon.
Prices of the commodity are now at their lowest point for a decade, pushed to their nadir by a glut of supply. Gas rigs are pumping out the stuff faster than the US can consume it, and the Americans are now considering significant exports of natural gas. New drilling and extraction techniques have boosted output from operations, and even a decline in the number of drilling rigs will not yet have any noticeable impact on supply or prices, such is the glut of gas. Mild temperatures are pushing prices even lower, and some are beginning to think that prices might go as low as $1 per million British Thermal Units later in 2012. This is one trend that doesn’t show any sign of stopping soon.