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Natural Gas Will Soar on Hurricanes and Heat Waves

Posted June 24, 2008

“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.” — Justice Litle, Taipan Publishing Group

by Justice Litle

Baltimore – (TFN): 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 hurricanes) could cut into supply by damaging production in the Gulf. The second factor, rising heat waves, cause demand to go through the roof as sweating Americans turn up their air conditioners.

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Justice Litle is a regular contributor to Taipan Daily, your FREE resource for late-breaking investment opportunities to help you beat Wall Street to the profits.

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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. Find a chart of natural gas prices and read more from Justice Litle.

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