Sunday, December 7, 2008

Natural Gas Cartel Forming?

Having an OPEC for oil is bad enough. Now, some of the primary suppliers are looking to set up the same type of system in an attempt to control the price of natural gas. Russia and Iran are doing their best to keep prices high, but so far they are being overpowered by the current global economic crisis which is driving the cost of all commodities straight down, including energy. 

And in addition to the weak economy putting pressure on gas prices, news keeps coming that the US' own supply of natural gas is stronger than expected. Poor belligerent, anti-US energy suppliers ... sometimes they just can't catch a break. :(

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