NO!
What's clear is US natural gas production is very, very loosely correlated with US consumer natural gas prices.
Tell me what's going to happen in Ukraine, how many LNG terminals Europe can get online and whether Russia will still be a pariah state and I'll take a guess at what's going to happen to natural gas prices.
RE: Tell me what’s going to happen in Ukraine, how many LNG terminals Europe can get online and whether Russia will still be a pariah state and I’ll take a guess at what’s going to happen to natural gas prices.
I just mentioned those factors in Post # 48 above.
As you can see these are all GOVERNMENT policies affecting the price of natural gas. It might not be ours, but we’re indirectly encouraging them somewhat through our influence.
* Russian invasion of Ukraine is government policy (Putin and his minions are government
* Our continually sending arms to Ukraine thus prolonging the war is OUR government policy
* European dependence on Russian energy is government policy.
* German refusal to use their coal is government policy.
Ok, here’s a scenario… suppose :
* Germany increased their coal production and restarted the nuclear plants that they shutdown because of Fukushima
* We use our diplomatic influence to push Russia and Ukraine for a ceasefire and to start negotiations
* UK increases North Sea Oil and Gas licenses next year
What do you think will happen to energy prices?