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Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

Date:
May 14, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
While threats by Russia's Gazprom -- a majority state-controlled natural gas extractor -- to cut gas deliveries to Ukraine rise, American investors should know such action won't hurt prices in the United States. GFI Group senior energy derivative trader Elliot Warren tells TheStreet's Joe Deaux that traders aren't worried about U.S. prices because we can't export natural gas abroad and we can't make up for a European supply problem. Warren, speaking about the recent trade in natural gas, says prices have dipped back down to $4 after spiking during the winter. Warren says natural gas inventories will build during the summer, which will suppress price increases. Video provided by TheStreet
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