Literally. See, people can go without gasoline. Lots of indigenous folk do not drive cars and rely on welfare for their food and shit. However, you start fucking with the price of natty, then you will see outright revolt amongst the poor kind.
Natty is used to heat homes. It is used to generate electricity. If it keeps going up, it will rape this country of all discretionary income.
I know a few independent natural gas drillers. “The Fly” has quite a few “Nat Vegas” players on his client roster. They (the drillers) know the spike in price is bullshit. Some of the bigger dogs were capping their wells, a few years ago, due to lack of demand. Now, all of a sudden, natty is printing $11.50?
What the fuck?
I will not fight this trend. It is beyond control. The spike in commodities is pervasive. It is infecting everything and it is too powerful to bet against.
With oil and natty up at these levels, you’d have to be fucking nuts not own energy stocks.
Currently, I own [[ARD]], [[NGAS]], [[RIG]], [[OMNI]], [[IOC]] and [[NOV]].
My watch list includes:
[[GLBL]], [[WFT]], [[TRGL]], [[FPP]], [[FTK]], [[FTI]], [[EGY]], [[MIND]], [[CLHB]], [[HP]], [[RRC]] and ETF’s [[GAZ]] and [[UGA]].
NOTE: The yen is trouncing the dollar. Watch [[FXY]].