12/23/2014
By Charles Payne, CEO & Principal Analyst

Don't look now! But, natural gas has joined collapsing crude oil. It tumbled more than 8% yesterday and coming into today’s session, down almost 29% in the past year. What a difference from earlier in the year when natural gas was surging as the winter from hell would not stop and would not go away.

The result was sloppy job creation, a dip in the GDP and major hits to corporate profits. Now, it is moving in the other direction and winter has only just officially begun; it is not too early to consider the impact to consumers and industry. 

This is a huge deal in so many ways; roughly, half of the homes in this nation get heat directly from natural gas and others indirectly via electricity. It is another windfall for Americans. As for the names in natural gas, it is another blow, although longer-term, the pendulum will swing back, especially as the war on coal takes an even deeper toll on that industry. 

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Charles Payne
Wall Street Strategies

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