Hurricane Michael's Impact on the U.S. Gas and Cotton Markets

The video discusses the impact of a storm on natural gas and cotton markets. It highlights the disruption in natural gas production in the Gulf of Mexico and the potential demand destruction due to power outages. The video also covers the effects on cotton production in Georgia, noting the timing of the storm and its limited impact on prices. Additionally, it explores storage issues and supply-demand dynamics for natural gas, emphasizing the challenges posed by pipeline capacity and potential price fluctuations. The hurricane's broader impact on energy and cotton markets is also examined.

What was the impact of the storm on natural gas production in the Gulf?

• It increased production by 20%

• It caused a shutdown of almost a third of the production

• It had no impact on production

• It doubled the production capacity

How much of Georgia's cotton crop was harvested before the storm?

• 12%

• 50%

• 75%

• 90%

What is a significant factor affecting natural gas prices during winter?

• Decreased demand for clothing

• Higher cotton prices

• Pipeline capacity limits

• Increased production in the Gulf

What is the current state of natural gas storage compared to its five-year average?

• Below average

• No data available

• At average

• Above average

What could offset any bullishness in the cotton market?

• Lower energy prices

• Higher energy prices

• Increased stockpiles in the US

• Decreased global demand