Liam Denning, Columnist

The Gas Market Should Be Panicking, But Whatever

We’re low on gas heading toward winter, but does it even matter?

August 27, 2018 at 11:30 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Winter is coming.
Photographer: Spencer Platt/Getty Images North America

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

With Labor Day looming, it’s obviously time to start thinking about winter. Obvious, that is, if you follow that battered, crushed, flayed corner of the energy market called U.S. natural gas.

America is awash in the stuff. Production will jump 10 percent this year, according to the Department of Energy, hitting a new record — just ahead of probably hitting another one in 2019. Export terminals can’t be built fast enough. This isn’t helpful for the dogged, if shrunken, cohort of gas bulls still out there.