Natural gas has been in the doldrums for what seems like forever. Oil and gas, exploration and production companies have been "fracking" like mad going after the very high-quality light oils that are trapped in the massive shale deposits found throughout the United States and elsewhere. This activity created a glut of natural gas the past 10 years or so as the economics of the wells were and are driven by the price of oil. The gas is a byproduct of that oil production, so the E&Ps sold it for whatever they could get for it. Since it was not a price sensitive commodity, production was not influenced by price. As a result, a glut formed and prices were suppressed.
