EIA Summer Outlook – Good for Natural Gas Stocks?

The EIA expects summer 2007 natural gas prices to rise by 17.7 percent over the past summer. For this year, natural gas prices would increase by 12.8 percent over 2006. The statistical arm of the U.S. Department of Energy cited, “Concerns about extreme conditions and rising prices in the oil market will keep upward pressure on the Henry Hub spot price during much of the forecast period.”

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