07-23-2013, 12:33 PM
The key; there is a fixed portion and a variable indexed to Henry Hub. Now, I just saw this weekend where an IB said something like "US natural gas prices are way too low". So if GS can control things like aluminum by shifting stock around in warehouses in Detroit, do you suppose it will be much longer before IBs and hedge funds start working the NG prices up. Tomorrow congress starts some hearings on these commodity "situations" being controlled by "big banks". Will be worth following.