You know what is ludicrous, ATCO Gas here in Alberta has just applied for a 124% increase in Natural gas prices here (they ended up getting 50%). Just prior to that there was an article in the paper condemning them for not locking in natural gas prices be purchasing long term contracts, instead opting to buy on the spot market. ATCO stated that Hedging would have done nothing to protect consumers from the rising prices...say what! How can buying at a lower price not have saved the consumer $$?

Now for those of you who do not knwo how ATCO supposedly works, they do not make money on the price of natural gas only on the delivery. So either this is a pile of doggy doo, or seeing as they do not make money on the actual sale of the gas there is no incentive to lock in their purchases.

Ah the Alberta Advantage, gotta love it.