Posted on 10/13/2021 6:22:24 AM PDT by blam
* U.S. natural gas prices do have more room to rise, but they are unlikely to follow the skyrocketing rallies of the European and UK gas prices.
* The United States has a fairly adequate natural gas supply in storage ahead of the winter.
* The United States simply has not had to rely on the rest of the world to provide its energy supply, and that’s really what Europe’s problem has been. Join Our Community
U.S. natural gas prices hit a 13-year high last week as the energy crunch in Europe and Asia pushed the prices in these two regions to the highest on record. And depending on winter weather, U.S. natural gas prices do have more room to rise. But they are unlikely to follow the skyrocketing rallies of the European and UK gas prices and the price of spot liquefied natural gas (LNG) in Asia, analysts say.
Although the regional natural gas markets are now interconnected more than ever thanks to the LNG trade, U.S. gas prices will largely be spared the extreme volatility and record-high European and Asian prices.
The United States has a fairly adequate natural gas supply in storage ahead of the winter. This is unlike Europe, where depleted inventories and rebounding demand have created a rush to stock up for the coldest months of the year, which in turn has caused a supply crunch and record-high gas and power prices.
Moreover, U.S. natural gas production is rising slightly, while weekly injections into storage over the past month have been higher than usual for September.
Despite the record LNG prices in Asia and the handsome netbacks that U.S. exporters are getting for their LNG cargoes, the United States has a certain capacity to feed gas to its LNG export terminals.
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(Excerpt) Read more at oilprice.com ...
There is no ‘crisis’.......................
nope. it won’t, biden will make sure of it.
Nobody is more bullish on oil and energy than Joe Biden.
Are you kidding. Under the Biden administration ... hell no!
No fracking way.
The USA would have been immune had Judas Joe left Trump’s policies enforced. Now we are doing down, its just beginning.
Methinks Biden's handlers want to jump start CWII ...
Well, we could have been, if we’d finished the pipeline, but noooooooo. Warren Buffet has to make his money shipping fuel overland.
And all he had to do was leave everything alone.
FJB
With Joe Biden as president? Are ya kiddin?
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