
TWIFO 348: Anchovies, Nat Gas and the Wild World of Ags
The Options Insider Radio Network
00:00
The Big Sell-Off in Natural Gas
Last time we saw a natural gas explosion like we had last summer and fall Was during hurricane Katrina when 70 percent of all the Gulf Coast natural gas production was in the Gulf of Mexico. We really haven't seen natural gas above three to four hours for the last 15 to 17 years really even with some cold winters until last summer. The combination of a record hot summer in the Midwest more utility companies switching to natural gas and coal and Nuclear power is what caused this sell-off.
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