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DewDiligence

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DewDiligence

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Re: ilpapa post# 7748

Wednesday, 01/01/2014 9:27:36 PM

Wednesday, January 01, 2014 9:27:36 PM

Post# of 29583
The best-performing commodity in 2013 was [US] natural gas:

http://online.wsj.com/news/articles/SB10001424052702304591604579292801583210532

...natural-gas futures [on the New York Mercantile Exchange] rose 26% [in 2013], their biggest one-year rise since 2005 and the largest percentage gain for any commodity in 2013.

This was partly due to the weather; however, US NG prices also rose because several oil & gas companies redirected their funding of shale-gas projects to liquids-rich shales.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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