In less than 2 minutes this video by BNEF drills in on how the changing supply and demand factors derived from the transformation in drilling technology to large weather swings have resulted in massive volatility and shifts in natural gas markets.
The “Evolution of Natural Gas Prices” depicts how spot and forward Henry Hub prices have moved in the past 10 years. Along with the prices, Bloomberg New Energy Finance also tracks the active gas rig count (Source: Baker Hughes), the production from 4 major shale plays (Source: Drilling Productivity Report from the EIA), and US LNG activity (Source: EIA).