From Pragmatic Capitalism:

... Natural gas prices hit their lowest price levels since 2002 during the current decline at $2.289 in the March contract, but has recovered by as much a 18.5% since Monday after Chesapeake Energy Corporation (the U.S.' second-largest natural gas producer) said it will reduce dry gas drilling activity and production with immediate effect.

The price reversal looks dramatic, but what can we reasonably expect for natural gas price developments from here? The answer is not straightforward, but net-net. Chesapeake's cutbacks is a very good start, and this may...

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