Why don’t natural gas futures get the same attention as crude oil? We discussed this in Oil & Gas Market Mastery on Wednesday.
The short answer is that until recently, gas wasn’t truly a global commodity.
For 15 years, roughly 2005 to 2020, power demand was flat, LNG infrastructure was limited, and what happened in American gas markets stayed in American gas markets.
US production. US storage. US weather patterns driving US demand. That was the story.
That’s changing.
Two forces are converging right now:
• Power demand is rising (data centers, electrification, reshoring)
• LNG export capacity is scaling fast
The result: US natural gas is becoming globally fungible for the first time.
What happens in the Permian now affects prices in Europe and Asia.
What happens in Asian demand now affects drilling decisions in Appalachia.
This is a structural shift, not a cyclical one.
And it means the analytical frameworks we’ve used for US gas markets need to evolve too.
We discussed this as a group, and now I’m curious what you think.
Do you think natural gas futures will start getting the same attention and visibility that oil futures do? Or will gas remain the quieter market?
