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Natural Gas price is ready to make a massive move on the upside – devastating effects on world economies and stock markets
Alan Hershey
Mar. 29, 2007
For quite some time the commercials are accumulating the natural gas as it dips below certain level. The Iranian supply of natural gas can be halted for geopolitical reasons. The Russians are leading an effort to create an OPEC like Gas cartel with major producers of liquefied natural gas.
Analytics and technical chart patterns point to a possibility of a 400% increase in natural gas price over the next two years. If the cartel comes into existence, natural gas price can go even higher.
The world economies especially US, India, China and Western Europe is extremely natural gas dependent. In recent days because of the clean nature of the fuel, the power generation in these countries has converted the oil-based output to gas. That creates even more pressure on uninterrupted natural gas supplies.
The natural gas is the modern political weapon of today. Russia is playing the card in Europe. Iran and others are about to start playing the same cards. India and China are frantically looking for reliable supplies of natural gas. Both the countries have less than one-third gas supplies compared to what they need. The natural gas price escalation can lead the world economies to depression.
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