Natural Gas 10% higher then a week ago.


Natural Gas has come up over 10% this week and this is due in a large part to the Mexico Natural Gas Pipeline explosion. The Mexican government claim that the disaster was an act of terrorism. Apparently bombers attacked at least six oil and natural-gas pipelines in Mexico’s southeastern state of Veracruz overnight. With such a drastic rise in Natural Gas there is quite a bit of money at stake. It makes you wonder who had been long on Natural Gas futures during this time? This disruption could be tracked back to an investor who has information on the people who did this. I believe it is worth looking into.

In the meantime, Texas is experiencing the brunt of it in the form of electric rates rising much higher then they were before the blast. There is not a good indicator of when this issue will be taken care of.

9/14/2007 Session Overview

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