With natural gas prices remaining stubbornly low due to continued high supply and a warmer than expected winter, Total (TTE 0.64%) announced that it would be putting the brakes on its North American natural gas production. The natural gas deals the company made were planned for $6 gas, and the economics don't make sense at its current prices. Because of Total's joint ventures in natural gas with Chesapeake Energy (CHKA.Q), Chesapeake took a hit yesterday. In this video, Motley Fool energy analyst Joel South tells us what trends he expects from natural gas prices in 2013, and where that leaves Chesapeake.