How About Spin On Natural Gas?
The amount of natural gas in storage is at near record levels and just this past week we saw temperatures in the northern part of the U.S. more like April than January. Here in Cleveland, we saw at least two record breaking days that I'm aware of, both days being 65 degrees. Now temperatures are receding to more average levels. So, what happens on the futures' markets? Natural gas goes up!!!! Why? The propagandists for the natural gas industry say it is because it's going to get colder! Folks, this is Winter; it gets cold EVERY Winter!!! (Some more so than others.) This is all just a bunch of total nonsense!!! When you allow these greedy investors to control the price of ANY necessary commodity, look out for what they're going to do to you. I'm waiting for these greedy #&%#@ s to start a bidding market for mothers. "Who will give me five cents for my mother? Come on now, let's have a bid! There's a bid of five cents! Remember, you've got to pay up first, or mom doesn't get turned over to you. At the moment, she's bound and gagged in the back room. Do I hear ten cents?"
Check out this article:
http://www.cnbc.com/id/22592120
Labels: energy prices, natural gas prices
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