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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Dennis Roth	3/6/2012 3:17:26 PM
	1 Recommendation of 206152

US EIA cuts 2012 gas price to $3.17/MMBTU from $3.35/MMBTU in February Washington (Platts)--6Mar2012/152 pm EST/1852 GMT platts.com The US Energy Information Administration Tuesday cut its outlook for 2012 Henry Hub gas prices to $3.17/MMBtu, down from last month's projection of $3.35/MMBtu. The agency's March Short-Term Energy Outlook also slashed its price outlook for the first three quarters of the year, lowering its Q1 estimate by 30 cents to $2.62/MMBtu, cutting its Q2 outlook 18 cents to $3.10/MMBtu, and dropping its Q3 projection 17 cents to $3.20/MMBtu. The cuts come after last month's prices hit the lowest level in a decade, EIA said. "Natural gas prices averaged $2.50/MMBtu at the Henry Hub in February 2012, down $0.17/MMBtu from the January 2012 average and the lowest average monthly price since February 2002," EIA said. [snip]

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