US natural gas prices break 1.50 for the first time since 1999

Natural gas prices crumble

Natural gas prices crumble
The bull case for natural gas was the US shale drillers would go out of business and that would cut supply. That theory is intact further out the curve with January gas at $2.80 but the front month is not feeling it right now.
Gas is down 10-cents today in a bit of a blowout as it breaks $1.50 for the first time this millennium.
Here’s the curve:
natural gas curve