Maybe somebody noticed when the mid term elections were, and wanted to delay the expected domestic price rise from increased exports, until afterward.
Spot price for gas dropped about 5% after the announcement - not a "plunge" in the big picture, but big for a day trader.
1 posted on
08/23/2022 12:04:48 PM PDT by
BeauBo
To: BeauBo
There has to be a political reason, since cutting back on production should raise the price, not lower it.
2 posted on
08/23/2022 12:07:50 PM PDT by
chajin
("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
To: BeauBo
With restart delayed, prices now drop? I am not following.
6 posted on
08/23/2022 12:13:26 PM PDT by
Reno89519
(FJB. Respect America, Embrace America, Buy American, Hire American.)
To: BeauBo
So they need the Natural Gas Liquification plants in the US to produce LNG, plus the LNG ships to transport from the US to Europe, plus the LNG deliquification plants in Europe to put gaseous NG into the European pipelines.
All in time for winter to replace the NORD Stream I and II gas pipelines from Russia.
Starting in November doesn't leave much time to transport that much gas to Europe.
7 posted on
08/23/2022 12:17:11 PM PDT by
Yo-Yo
(Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
To: BeauBo
NIPSCO - Northern Indiana Public Service [Gas & Light] just announced a massive price increase to consumers starting September 1st.
To: BeauBo
Are Feederal inspectors behind this?
20 posted on
08/23/2022 1:02:08 PM PDT by
inchworm
(al )
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