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>> MORGAN STANLEY Latest News

FEB 19, 2013 - Business Insider

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Obama's EU Free Trade Agreement Would Mean Higher Heating Costs For Americans

Last week, President Obama mentioned signing a free trade agreement with the European Union in his state of the union address. As with anything, the benefits of such an agreement comes with its costs. Morgan Stanley commodities analyst Adam Longson believes that the this is the path to higher natural gas prices. Longson writes in a note today that opening up a new market would be a boon for natgas producers as prices rise with the new demand. This means higher costs for consumers who rely on natgas (currently at $3.25/mmBtu) for things like heating and cooking. It would also change the ... Read More

Tags: Obama's EU Free Trade Agreement Would Mean Higher Heating Costs For Americans,  Morgan Stanley Latest News