While natural gas prices are up 50% from their 2011 lows below $2 per 1,000 cubic feet (million BTUs), they're still cheap at just over $3.
Lower-priced natural gas has helped a number of industries, like chemicals and utilities, cut costs, as Money Morning Global Energy Strategist Dr. Kent Moors pointed out in his 2013 natural gas price outlook.
Now there's another U.S. industry that hopes cheap natural gas can revive its flagging performance.
I'm talking about steel.
higher natural gas prices
Get Ready to Play Higher Natural Gas Prices with These Picks
After natural gas prices hit a decade low in 2012 of below $2 per million BTU, they're up about 80% from a year ago, trading around $3.60 this week.
Looks like the six-and-a-half year bear market in natural gas maybe be coming to an end.
Falling with natural gas prices has been related investments. That means investors can go shopping now for low-priced natural gas plays before prices climb.
As Money Morning Global Energy Strategist Dr. Kent Moors said, the road to profits will not be straight up. Volatility will cut in both directions.
But the natural gas market is getting stronger.
To continue reading, please click here...