This commodity takes the third spot on the list of most used energy sources1 after oil and coal. Its use case has steadily grown over the years. It’s even expected to become the second most used energy source in the next ten years, according to the International Energy Agency.2
The United States is the world’s largest producer of natural gas, followed by Russia, Iran, and Canada in that order.3 These countries then trade the excess natural gas they produce and export it to other countries around the world. They do this through either pipeline or as liquefied natural gas (LNG) stored in super-cooled (cryogenic) tanks aboard large ships.
Natural gas has been a major source of energy around the world in the 1970s. On the other hand the US only began developing it for commercial use after 1825. It is the cleanest burning fossil fuel, giving it the potential for green energy production.
Fossil gas contributes to about 31.8% of the United States’ energy use according to the American Geosciences Institute.4 Today, natural gas powers many of the plants used to generate electricity. It’s also used for cooking, heating, and cooling.
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0:00 Music Intro
0:26 Intro
1:40 What is natural gas?
2:05 The history
3:14 Modern times
4:30 Structure of the market
7:19 Futures contracts
8:10 Contract specs
8:56 Understanding price movements
11:19 Margin requirements
12:33 Market factors of natural gas
14:30 Conclusion