Tuesday 26 May 2015

Natural Gas Prices Should Heat Up Soon

The most initial crucial factor in the world is energy. There are many sources of energy consumption. The oil and natural gas are the biggest sources and has been shown as usual fluctuating price.      Natural gas is the fossil fuel which has the highest growth rate from time to time. Since it is less hazardous than oil, it thus more applicable and its price seems to rise. However, this would not meet people's expectations. In according to the higher supply of natural gas than its demand, this causes the  lower price.



       In my perspectives, there are much more energy sources people use in these days. Oil once became the main source and its price had raised up and up. Nowadays, natural gas was focused. This is due to a better alternative choice that is cleaner and less polluted, the oil price then drops. But natural gas cannot be substitute oil completely, hence the price would be fluctuated following the market system.
       According to the law of economics, as other factors remain constant, the higher supply than the demand results a lower market price. As the same way as in this article, there are plentiful natural gas which people can find anywhere, its price would thus drop.
       Everything has its cycle. In the business cycle, there are booming, recession and much more periods that we, as the people who are still using energy, have to know. If we know the trend, we will understand how the world is moving then.

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Reference
Rahemtulla, K. (2015, May 4) Natural Gas Prices Should Heat Up Soon. BBC News Business. Retrieved from http://www.talkmarkets.com/content/us-markets/natural-gas-prices-should-heat-up-soon?post=64155

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