Natural Gas prices do not get the attention like crude oil and gasoline.
In November 2020 Natural Gas was selling for $2.50.
Today, Natural Gas is over $9.00.-—that is almost a 400% increase.
Folks, start taking a look at your home electrical bills because a lot of the electricity is coming from Natural Gas fired electrical plants.
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Like Brian Kilmeade said with his Fox Cohorts all nodding their heads in agreement - Americans are willing to work two jobs for Ukraine.
The Networks are part and parcel of Biden’s scams.
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All this is happening when Pennsylvania, West Virginia, Ohio and New York is sitting on the Saudi Arabia of natural gas. Actually, that’s a bad analog, it’s much greater than Saudi Arabia. Of course, New York hasn’t touched a cubic meter of natural gas in the Marcellus shale formation.
“With rising natural gas prices, one would think American consumers and American home builders would start building higher-density housing like duplexes.”
It’s a fact that my 3300sq foot detached house costs less to heat and cool than my 1100sq foot townhouse. (That would be because the builder cut every corner on the townhouse, and it’s very drafty).
And I don’t have to deal with the type of crappy people that tend to live in townhouse neighborhoods around here.
As I predicted, there is going to be a major home heating crisis this Winter. This President has done this intentionally and MUST be impeached and removed from office.
NG also contributes to many chemical products like fertilizer. Higher NG costs means everything goes up too.
US and European natural gas prices will tend to normalize from such a huge difference over the last 12 months. So much higher prices in EU are a massive arbitrage opportunity for traders and producers - the difference on just one LNG load going to EU vs. being sold domestically could be $50 million or more
Thus, EU prices will probably stabilize - while US domestic prices will most definitely GO UP, a lot.
Another huge cost evil neocons in DC are putting on the US people for their overseas empire-building schemes
Soy Boy Biden.
We are shipping all we can to Europe.
Because that hurts every American.
And neocons hate Americans.
“An incredible transition.” Chomo Joe
“Necessarily skyrocket” Barry Soetero
Yep, Henry Hub was at 8.79 yesterday.
Browns Ultra Fan :" Biden and Powell = disaster "
See post #22 for a graphic which explains the rise in Natural gas prices
and the timeline for price relevance.
Post #22 is accurately titled :" What Build Back "Better" means....."
The only thing that should be "transitional" is this current administration since it no longer cares about you, despite their press releases.
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