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Lexaria Corp > Message
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Divergence in oil & natural gas

Posted by: gasresearch on October 02, 2008 10:13AM

This is a classic example when nat gas prices increases and oil prices turn south. Nothing new in this scenario, we are headed for winter and the demand for heating will determine the price of nat gas. Oil is highly dependant on our use of cars and any decrease in our mode of transport will impact the requirements.

All the inflationary effects have reduced or dependence on oil with environmental consciousness curtailing the use of plastics. This is an opportunity for nat gas.

PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 96.35 -2.18 -2.21 09:23
Dated Brent Spot 92.11 -2.76 -2.91 09:53
WTI Cushing Spot 96.37 -2.16 -2.19 09:13

PETROLEUM (¢/gal)

PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 279.05 -5.64 -1.98 09:23
Nymex RBOB Gasoline Future 231.00 -5.00 -2.12 09:23

NATURAL GAS ($/MMBtu)

PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub Future 7.76 .03 .40 09:23
Henry Hub Spot 7.41 .23 3.20 10/01
New York City Gate Spot 7.82 .30 3.99 10/01
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