Bobwins

Energy ETFs and Hurricanes

Ngas is also not easily replaceable from other sources. If the GOM platforms are shut down because of hurricane risk, there are short term reductions in productions. But if there is permanent damage to the platforms or especially undersea pipelines, the repairs could take months or years. The ngas is not as easily replaced as the oil.

Of course, a spike in ngas prices to double digits might attract more LNG but that could take months to arrange also and the price would have to be much higher than the current 8.62 to compete with China, Japan, S. Korea and Europe who are paying up to twice that for LNG.