I'm sorry but if a company expected sub $3 natural gas forever they deserve what they get. Natural gas that low is borderline uneconomic to produce.
They also need to wake up and understand that the US has the lowest natural gas prices in the world. Asia is in the $15-16 range while Europe is around $8. US companies can't be so stupid to think US producers would not try to tap into higher priced markets
correct. the last plant we did (nat gas fired), i became friends w/ the CFO. his wife went to LSU w/ me. small world. they based their margins on nat gas @ $10.00 considering a worse case scenario. nat gas increasing some would not be a bad thing as it would be more economically feasible to drill and produce in a lot of areas.
ETA: this was a foreign company who built their first plant in the US. they have already committed funding to four other plants in the US w/ one already under construction. these plants range from 1.2 to 1.6 billion each. they produce raw material for fertilizers.
This post was edited on 12/7 at 2:46 pm