April 18, 2016
Caligula was the Roman Emperor known for extreme cruelty and sadism. In my latest work for Seeking Alpha, I ponder why regulators and politicians who are constantly screaming about market manipulation by speculators when commodity prices move higher do not raise an eyebrow when they come to the market on the downside. When it comes to natural gas, the Caligula of commodities, the punishment is generally inflicted by the commodity itself on those who dare to become over enthusiastic about their long or short positions. The current war between longs and short in natural gas promises that blood will flow and conditions could become very ugly.
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