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To: BobL
Natgas at Henry Hub dropped to $7 mmbtu, showing that shipping LNG to the deadbeat Europeeings is costing you and I money in our natgas bills.

Henry Hub at $7/mmbtu, whereas TTF [Netherlands] was at $36/mmbtu today.

https://www.barchart.com/story/news/8785010/nat-gas-sharply-lower-as-reduced-u-s-lng-exports-to-boost-inventories

9 posted on 06/21/2022 2:12:33 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: kiryandil

“Europeeings is costing you and I money in our natgas bills.”

Not as I see it. The limitation on natural gas exports is LNG terminal capacity. With Freeport going pop, we lost the ability to export enough gas to run 4 to 5 large (1 gigawatt) power plants. The gas stays here, hence the much lower price at Henry Hub.

Europeans are the ones who suffer due to our loss of exporting capability - so I’m happy!


10 posted on 06/21/2022 3:06:51 PM PDT by BobL (My hatred of Necons/Globalists exceeds my love of Ukraine or any other country, other than the US)
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