NATTY

Lots of action in the gas market. Jon Stewart’s Daily Show satirized the idea of investors looking to profit from the hurricane season but it is all too real:
Why natural gas is so cheap
James Woodburn, 20 Jul, 2006 (The Daily Reckoning)

- Natural gas..."Natty", as it's called in trading circles, has shed almost $10 in ten months, notching new contract lows last week following its explosion to $15 in the wake of Katrina...The culprit was the warmer-than-expected winter. Natural gas not needed to heat homes and business was injected into underground storage, leaving the market as much in need for it as the Savannah needs a sandbag.
- Hurricane season may be upon us but natural gas is twice as cheap vis-à-vis crude as it should be. At the same time, World War III may be in the process of breaking out in the Middle East...But what really could spark the next explosion in natural gas prices is another hurricane. Considering the lingering psychological effects of Katrina, just the mere CHANCE of another big storm could send this market sharply higher in a hurry. Spot gas rallied nearly $1.50 in June on news of a tropical depression with very little chance of damaging facilities in the Gulf...
- Natural gas is currently one of the most hated commodities on the board, making it all the more attractive from a contrarian standpoint; through thinking differently from the investment crowd, profits will be made...
Seriously funny.