Thursday, January 27, 2022

When It Rains, It Pours -- And No One Has Even Mentioned This Yet Today! Natural Gas Jumped 50% Today -- January 27, 2022

Link here.

And headline:

Folks watching closely:
  • President Biden; ISO NE; and, Germany.
  • Note to Texans: winter is not yet over. February is the cruelest month, and March can be bad, also. 

By the way, this jump in the pride of natural gas: for those not paying attention --

The jump in the price of natural gas came out after White House said they can't find alternate NG sources for Europe if Russia invades Ukraine and sanctions cut off Russian natural gas. 
Don't worry: US won't run short. White House won't ban NG exports, but there is simply a limit to how much natural gas can be exported, due to:

  • logistics; and,
  • contracts.
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2 comments:

  1. rjsJanuary 29, 2022 at 4:19 AM

    $4.011 at the low on Wednesday, $7.40 at the high on Thursday, then closed the week at $4.639 after the switch to March quotes...i've seen some blaming cold weather on the East Coast, but the elephant stampede was over in half a hour, & fundamentally, nothing about natural gas changed from a week ago

    ReplyDelete
    Replies
    1. Bruce OksolJanuary 29, 2022 at 4:36 AM

      Yes, that was pretty amazing. LOL. Even I was excited for a moment.

      Delete

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