Time To Consider Oil’s Homely Cousin, Natural Gas

On Wednesday we detailed three of the largest issues affecting oil prices. To review they are:

1. Geopolitical concerns (Iran, Russia, and Pakistan)
2. Speculation (in July, 11% of oil contracts were controlled by one trader)
3. The over-leveraged financial system.

These three items make forecasting oil prices virtually impossible. Fortunately, oil

Natural gas is relatively free of the first two factors