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Research: Shale Boom Frees Futures Market From Fear

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Bloomberg
June 26, 2014

Rising U.S. shale gas production is driving fear out of the futures market, said Goldman Sachs Group Inc. (NYSE: GS), and will constrain prices for the next two decades, according to Bloomberg June 26.

Gone will be the near-tripling of costs to $15.78 as in 2005 as traders remain confident the fuel will be there when needed. Natural gas will trade “largely” at $4 to $5 per million British thermal units (MMBtu) for the next 20 years, said Goldman Sachs. Société Générale SA (PARIS: GLE.PA) sees prices at $5 through ...


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