Bet on much higher prices by year end. Goldman's forecast of $4.50 avg. in 2nd half of 2013 could easily come true especially if a series of LNG export approvals are granted over the next few months which seems certain now.
"The department “will expeditiously work through the remaining applications …., reviewing each one of a case-by-case basis to ensure that all approvals are in the public interest,” says Secretary Moniz, at a hearing on Thursday before the House Energy and Commerce Committee’s Subcommittee on Energy and Power. He said there would “absolutely” be further decisions this year.
Moniz, previously a physics professor at the the MIT Energy Initiative, has said that climate change is a real and important to solve. To that end, he views the production of shale gas as a way to minimize coal’s footprint. If such gas could be shipped overseas, it would not only increase this country’s overall economic output but it would also help others reduce their carbon footprints."