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US natural gas prices fall to decade low
US natural gas prices have slid to their lowest point in a decade and the industry is braced for further declines as the shale rock drilling boom redraws America’s energy landscape.
The price collapse – down 85 per cent from an all-time high in 2005 – could benefit heavy industries in the US but is likely to hurt companies such as ExxonMobil and BHP Billiton, which have spent billions of dollars over the past three years to exploit natural gasfields in the US.
full: http://liveweb.archive.org/http://www.ft.com/cms/s/0/1199fc56-426e-11e1-97b1-00144feab49a.html
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