US currently has an oversupply of natural gas ... storage has been exceeding the 5-yr average for awhile, prices plummetted (until just the last 2-3 weeks), and many domestic natural gas producers still have production shut-in. Rig count remains anemic, and inadequate gas transportation (pipeline capacity) exists to move gas out of the Rockies (still).
This graph shows storage maxed out ... Link to Graph
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