There has to be a political reason, since cutting back on production should raise the price, not lower it.
Less export means more in the US.
The logic is, if this export terminal can't resume full operations until November, then that extra gas will remain in the USA, thus depressing prices.
Off topic: I’m not sure about how to think about this. I caught a little of CNBC yesterday. They were like cheerleaders for higher natural gas prices. My home is heated by natural gas, I’d like to be cheaply warm this winter. On the other hand, Europe may be a little on the chilly and expensive side. The selfish side of me says avoid exporting to keep my fuel bills down. That, of course, is no real solution. The real solution is to fully tap the massive reserve of natural gas in America. There’s plenty to around and keep prices low in America. It kinda sucks for Europe tho. They have to pay a premium on imports from the US.
It will lower the price of gas in the US but raise it in Europe. Turnip Winter is coming for Germany and a lot of the EU because the export of Russian oil to the EU through the Ukraine is about to be impossible.
That is confusing to me as well.
Sure. Midterms are coming up.
I have suspected all along that as midterms near, we are going to see fuel prices decrease in an attempt to convince the gullible public into believing that the democrats did it and that it will continue after the elections, in order to garner as many votes as possible.
That means all the less they need to cheat so their cheating is easier and less obvious.