Abe Mishima

Today in Commodities: The Commodity Train Is Leaving the Station

David: NGAS is not an etf. "NGAS Resources, Inc., is an independent exploration and production company focused on unconventional natural gas plays in the eastern United States, principally in the southern portion of the Appalachian Basin."

Matt and others: End users of natural gas have been burned before. First, homeowners who switched to NG during the oil embargo, found themselves paying more for energy when heating oil prices fell. Electric companies are aware of the old swicheroo effect as well. Now the industry is trying to sucker in users with stories of massive new NG finds. Plentiful energy for 100 years. Be patriotic, buy natural gas! Yada, yada. We need a change of tack. Index your product to oil and coal, i.e., by BTU. Sign 10 year contracts, both assuring supply and competitive pricing. This is why people hate commodities. Buyers always have the feeling of being ripped off by the suppliers.