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Market Watch Hurricanes and Heat Waves Put Natgas Traders on Edge
Market Watch Hurricanes and Heat Waves Put Natgas Traders on Edge 
Market Watch
| Ever since the great tech bubble burst in 2000, everyone has wondered what the “Next Big One” would be. For a while it was real estate. Then it was China. Next, commodities had their stellar run. | |
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| Hurricanes and Heat Waves Put Natgas Traders on Edge |
| Tuesday, 24 June 2008 | ||||||||
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Natural gas prices are up about 75% from the beginning of this year. With all the fuss over crude oil and the cost of food, it’s easy to overlook what a dramatic move this is. But natural gas could have even further to go. Energy analyst Subash Chandra of Jefferies & Co. tells The Wall Street Journal, “We could see $15 [natural] gas this summer. All the elements are there.” Two things weighing heavily on natgas traders’ minds right now are hurricanes and heat waves. The first factor (threat of hurricane) could cut into supply by damaging production in the Gulf. The second factor, a rising heat wave, causes demand to go through the roof as sweating Americans turn up their air conditioners.  Natural gas is one of those invisible threads woven throughout our lives. We all make use of it much more than we realize, and the costs hit us in many unrealized ways, too. The good news is, those costs can be offset by profit opportunities for savvy investors in the natural gas space.
Justice Litle Editorial Director, Taipan Publishing Group
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