Taking Gas
August 4th, 2008 by 
reality
This is a classic commodity spike. Neat. Perhaps not for those involved but this, I think, puts the lie to the whole idea that futures speculation doesn’t affect price. End user demand changes relatively slowly, not like this. Oh, and by the way, that natural gas price today is (very roughly) energy equivalent to oil in the low $50s./bbl.
Posted in Commodities, Energy | 
August 4th, 2008 at 9:59 pm
you can see similar spikes in oil, some precious metals and other commodities. all of the hot money is flowing into and soon out of these areas. the big rumor is that the FED capital being given to the banks for garbage securities was being pumped into commodities and was just pulled as part of the govt. anti-shorting campaign. all kinds of shady deals being pulled from wall street to washington, dc. unbelievable. Enron part deux.