Natural Gas Glut Could Persist Short-Term

Oil is not the only energy source that is seeing a glut. Growing supplies of natural gas could soon result in a similar phenomenon. It was only a year and a half ago that the United States, and the northeast in particular, saw supplies dwindle to exceptionally low levels, forcing prices to temporarily spike. The Northeast experienced a freezing winter, leading to high levels of consumption as millions of people tried to keep warm. Natural gas storage levels plummeted to lows not seen in years.