Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

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Texas Natural Gas Flowed and Continues to Flow Uninterrupted throughout Hurricane Harvey

Our oil production platforms and refineries have been negatively impacted by Harvey causing fuel shortages and price increases across Texas and beyond. But there is a huge bright spot: Texas natural gas abundance, durability and usability. Texas is #3 in the world in natural gas production, and throughout the storm, pipeline operators have provided an uninterrupted supply to all affected areas. Pipeline integrity provided Texas with the ability to use natural gas to produce power, cook, generate hot water and provide transportation fuel to light and heavy duty vehicles across the state.

The State of Texas has over 150 natural gas stations that have had supply throughout the event. The price is extremely stable and no shortages have been reported. Freedom CNG, for example, was fueling METRO transit buses, Houston Distributing Trucks, Waste Corporation garbage trucks, AT&T service vehicles and many other fleets right here in Houston. When the power went out, on-site back-up generators ensured that our customers would receive critical fuel for their vehicles. Our hats are off to Texas natural gas producers and pipeline companies for keeping Texas' clean fuel flowing to all.


http://www.prnewswire.com/news-releases/gas-bright-spot-texas-natural-gas-flowed-and-continues-to-flow-uninterrupted-throughout-hurricane-harvey-300513224.html



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