Friday, June 16, 2006

Natural Gas Glut

Energy producers like when the laws of supply and demand work out in their favor, but don't seem interested in playing fair when they don't:
"What people are counting on is that there will be a hurricane that will disrupt [natural gas] production in the Gulf of Mexico the way Katrina and Rita did and that all that gas in storage is needed to make things work," said Adam Sieminski, chief energy economist of Deutsche Bank.
Yes, because the destruction of thousands of people and homes would be a good thing for a few gas producters, let's hope for it. Craven capitalists at their best.

No comments: