Will Hurricane Isaac Send UNG Soaring?
As hurricane Isaac has continued to develop, it appears that it now has a clear path set to run through the Gulf and make landfall within the next 24 hours. Though it steered clear of the Republican National Convention, the storm has now entered the Gulf area and could cause a lot of problems for the dozens of drilling rigs in the surrounding area. Not only that, but the storm is currently headed along a very similar path to 2005′s Hurricane Katrina, worrying residents and government officials. Three states have already declared an emergency and have begun to evacuate residents.
Five ETFs to Ride the Natural Gas Rally
Few commodities have been in the news as much as natural gas has in 2012. After an abysmal multi-year run, NG seemed to have no momentum behind it and most investors had given up hope. But earlier in this year saw some much needed relief for the fossil fuel as temperatures across the nation were hotter than normal, spiking demand for NG. Ever since, natural gas and its related investment securities have been on a tear, with the commodity itself tacking on 70% in the last three months alone [for more natural gas news subscribe to our free newsletter].
