Uncoupling of Natural Gas
"Natural-gas futures on Monday finished at the highest level this year, up 1.2% on the day at $3.117 a million British thermal units, even as most major financial markets tumbled on renewed worries about Europe's debt crisis. Because the gas market is isolated to the U.S.—export volumes are insignificant—the commodity has remained largely unaffected by the latest resurgence of fears on the global economy..."Good stuff. That's the dynamic you would expect when buying a commodity that is deeply and unsustainably underpriced.
No comments:
Post a Comment