How is this for a price increase:

Natural_gas_spot_price_2

The DOE notes that “Natural gas prices continued to surge in the wake of Hurricane Ivan for the second week in a row. . . Some analysts speculate that it could take up to 2 months to restore production in the Gulf of Mexico to its former levels, contributing to the higher level of prices. Climbing crude oil prices and weather forecasts released since last Wednesday, September 22, also may have contributed to the run-up in natural gas prices.”

Sources:
Official Energy Statistics from the U.S. Government

http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

Natural Gas Analysis

http://tonto.eia.doe.gov/dnav/ng/ng_pri_analysis.asp

See also (the dreaded and pop up laden) Bloomberg site for more data

http://www.bloomberg.com/energy/

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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