Natural gas is in the eye of the cyclone.
After the flash crash of 2 days ago everyone is worried about pessimism in natural gas market.
I am actually long natural gas and i believe we will see at least 7.50 in the futures in september.
The video "gasland" is very clear about the actual gas industry, and i think that we are seeing weakness in nat gas largely because of the panic involved in this investigation... but if we watch this in a longer timeframe it could be better for nat gas prices.
If industry changes the way is using to drill nat gas and the government bans hydraulic fracturing, there will be less nat gas available... so prices will rise maybe over 10 Usd possibli even more.
Nat gas could possibly reach 20/30 usd area in 10 years from now and stabilize there.
http://www.youtube.com/watch?v=dZe1AeH0Qz8
This is the trailer of "Gasland" the document that probably is starting to revolutionize nat gas market. We need to stop Hydraulic Fracturing and use a different method... at any price.
If you follow UNG remember the contango before entering for a long time... UNG is a great vehicle for trading.
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