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To: SuperLuminal; ProtectOurFreedom; Paladin2

Biden has little or nothing to do with the high natural gas prices. The Marcellus utica gas reserves have enough gas for our country for 800 years. 3rd largest reserves in the entire world.

Record gas production under Biden. Then why is the price so high?

Read the forbes article why prices have skyrocketed. I am NOT giving biden a pass or praising him.

As I said above 1. Opec has cut back drastically, 2. wall street speculation (Much of the price increase) 3. Two really cold winters and 4.Europe and Asia and other countries have literally run out and have driven up the price.

It is a tragedy of events all hitting at one time.

31.9 billion cubic feet per day
1 that production in the Marcellus and Utica shales averaged 31.9 billion cubic feet per day during the first half of the year. That’s the highest average for a six-month period since production began in 2008.Sep 1, 2021

Appalachian shale gas production hits record high this year


8 posted on 01/20/2022 8:24:38 PM PST by setter
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To: setter
Hmm. somehow you missed the Killing 10,000 jobs and taking $2.2 billion in payroll out of workers’ pocketspart.

But it kind of sounds like you don't care much about "workers."

Carry on.

9 posted on 01/20/2022 8:29:06 PM PST by JennysCool ("It's easier to fool people than to convince them that they have been fooled." - Mark Twain)
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To: setter

Wait until they allow fracing in the Empire State.


16 posted on 01/20/2022 8:49:02 PM PST by crusty old prospector
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To: setter
Companies stopped investing in NG exploration and drilling. Maybe because this administration has told banks (and their woke boards) and hedge funds to stop investing in fossil fuels? The left red line is the election. The right red line is the inauguration. Rig count was running about 190 from June 2017 (Trump had been in office about 18 months). It collapsed under Biden to a low of 68 in July 2021. It's rebounded to 109 lately, but notice the very low slope of growth compared to what Trump unleashed.

Operating rigs, investment, pipelines -- Biden has excoriated all of these in order to placate his insane "no civilization" leftist owners.


18 posted on 01/20/2022 8:51:21 PM PST by ProtectOurFreedom (81 million votes...and NOT ONE "Build Back Better" hat)
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