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GAZB - Natural Gas - Waiting For Something To Give
Barclays Bank PLC
We are coming into a time of the year where the price of natural gas has a habit of becoming a lot more volatile. The hurricane season is peaking, and last weekend, a storm was bearing down on Florida and the southern states in the United States. As we are only at the very beginning of September, two months are remaining in the hurricane season. In 2005 and 2008, Hurricanes Rita and Katrina wreaked havoc with along the Louisiana coast and sent the price of natural gas above $10 per MMBtu. The fundamental equation for