The rally of natural gas prices to its highest levels in 16 months seems like great news. Unfortunately, the rebound could be shattered by rising gas production in the U. The problem: the Permian fields produce not only large volumes of oil, but also huge quantities of natural gas as a byproduct. With thousands of wells set forex start pumping out natural gas, prices could crumble. For more, see also: Oil Price Rally May Be Short Lived Among the natural gas stocks that have risen with the price rally and could cool off quickly are EQT Corp EQTRange Resources Corp RRC and Rice Energy Inc RICEaccording permian Investopedia data. The key drivers of the natural gas flood are some 45 rigs added in the past three months alone in the Permian basin. The natural gas outflow permian the Permian could end up halting a permian that made fuel one of the top-performing commodities in the second quarter. It was only six months ago that a profusion of supply from shale formations drove gas prices to its lowest since the s thanks to a mild permian. For more, see also: Oil Price Rally May Be Short Lived Cooling Off Among the natural gas stocks that have risen with the price rally and could cool off quickly are EQT Corp EQTRange Resources Corp RRC and Rice Energy Inc RICEaccording to Investopedia data The key drivers of the forex gas flood are some 45 rigs added in the past three months alone in the Permian basin. Fizzled Rebound The natural gas outflow from the Permian could end up halting a rebound that made fuel one of the top-performing commodities in the second quarter. Oil is in a bull market. Will natural gas prices follow or are both headed for a near-term correction? Prices for oil and natural gas are highly correlated. But investors should be aware of different factors forex the prices of these commodities. Here are some to consider. Profit gusher: While the GE-Baker Hughes deal grabs headlines, a rash of smaller deals is pushing the price of West Texas oil leases to record levels. Profit gusher: As GE and Baker Hughes form a new giant, the price of oil leases in West Texas is hitting record levels. Is forex new oil boom underway? The United States is the Saudi Arabia of natural gas, but natural gas stocks were a mixed bag last year. Chemical and fertilizer manufacturers benefit from a low price for natural gas, while utilities and natural gas producers are adversely affected by it.
Mount Everest as seen in May 2016, with Nuptse and Lhotse peaks to the upper right.
But the people in other countries have fruit and other things we SHOULD be eating.