Market Hotline: Gas price uncertainty suggests more volatility

The direction of the US natural gas market typically enjoys a consensus. Of course, in the oil and gas business, too much consensus on commodity price outlooks often invites the inevitable sucker punch from reality. One need look back only to the past year for examples.Right now, though, there is much contrariness among the prognosticators on the outlook for natural gas prices. With good reason: The price rollercoaster of the past 15 months or so leaves all of us scratching our heads over what will happen next.The enormous gas storage overhang afflicting the market is beginning to look more each day like the will-o-the-wisp that the unthinkable (and technically impossible) storage deficit...

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