Posted on 05/26/2022 2:23:33 PM PDT by Mariner
U.S. natural gas prices have skyrocketed nearly 150% this year while inventory levels have shrunk, signaling more consumer pain ahead of the summer season.
The Henry Hub natural gas spot price, an indicator of nationwide prices, stormed past $9.30 per million British thermal units (MMBtu) Thursday, up from its early January price of $3.74 per MMBtu and the highest level since 2008, according to government data.
U.S. natural gas inventories have been drained in recent months, declining 17.6% year-over-year and down 15.3% relative to their 2017-2021 average, additional data released Thursday showed.
“There’s almost no ceiling for natural gas,” Kent Bayazitoglu, an energy analyst at the firm Baker & O’Brien, told The Wall Street Journal. “You can reduce your driving a lot easier than you can reduce your natural-gas consumption.”
“It’s like a roller coaster,” Bayazitoglu added. “You don’t get nervous going down, but going up.”
(Excerpt) Read more at tampafp.com ...
Colorado
Get the saw and wood splitter fired up.
All their decision are hitting the American people hard. How much time do we have before a majority wake up? I feel the pain and am preparing, as I know you are.
How are they doing that. There isn’t enough LNG transport to do that. There isn’t that much Natural Gas headed to Europe.
The administrations policies have already cost me a great job (worked for a major gas producer). Still out there looking for a job.
I remember when they were practically giving the stuff away.
The article explains that.
Hank Hill approves your decision.
Your retarded brain is irreparable and it has nothing to do with age. I am not a neocon no matter how many times you repeat it, Putinist.
As for the gas, your evil empire you keep defending against all reason and sanity is the one that started the war after a year of military preparation—including leaving prepositioned armor, ammo and bases, contrary to the BS about being provoked and never intending to invade. Since it was a planned invasion, you might ask Putin if he war gamed global hyperinflation. Probably did actually.
Look to lock-in rates with suppliers.
Go to budget billing to control the swings month to month
So you support the increased prices every American is now paying as a result of the embargo.
Listen, I know that you are retarded, but can you tone it down? Take some medicine or something.
You won’t answer the charge.
I've answered your retarded accusations many times. You just repeat them the next day, because you're a demented little troll.
The charge is that you support higher gas and electricity prices for all Americans as a result of sanctions against Russia.
You have NOT answered that charge.
Your named calling notwithstanding.
You could say yes, you support the sanctions.
You could say no, you do not.
But you refuse to say.
Because you are like all other pussy assed neocons. You have no honor and you have no courage.
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