Thursday, November 26, 2009

Gas Prices Poised to Rise???

That headline alone should be enough to cause prices to crash (hopefully by adding extra question marks, I lessened the blow).  This evening, I read an article in the Canadian Globe and Mail about the recent spike in the price of front month natural gas futures since Wednesday's release of the EIA gas storage data.  Seems like a weak premise to me since the report showed an increase of gas in storage three weeks into November, but when it comes to gas prices, I don't know what to believe.  I'm guessing it's more the result of trader speculation than fundamental changes, but I long ago gave up trying to make predictions.

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