Analysts Push Back on 2028 Natural Gas Price Spike Call

Natural gas prices may not see a major spike in 2028 as predicted by Chronometer Partners founder Matthew Smith, according to analysts who argue his model failed to account for market response.

Smith had sparked controversy on social media this summer when he suggested that natural gas prices could double or triple due to supply shortages in the Lower 48. Critics pointed out that his projections did not take into account how the market would react to such a scenario.

The current forward curve for X2027-2030 contracts is trading at $3.584, and analysts see this as evidence of a capped spike rather than an impending shortage.