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Natural gas industry in 'precarious' position as prices dive

from CBC News

From Nov. 2: Natural gas prices have slumped for several years in Western Canada, but hit a new low this summer. On a few occasions, prices fell to zero and then turned negative. Essentially, companies would have had to pay money to get rid of the gas they produced. Commodities analyst Martin King did a double-take when he first saw the minus sign in front of the natural gas price. He even picked up the phone and made calls to ensure it wasn't a mistake. more


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