Thursday, April 14, 2022

Natural Gas Melting Up; Working Gas In Storage Could Hit New Five-Year Minimum -- April 14, 2022

EVs: the new gas guzzlers.

  • use electricity (obviously)
  • most of electricity in US is generated by fossil fuel;
  • now, the ugly truth: the US EVs are getting bigger and bigger, using more and more fossil fuel, especially natural gas
  • link here;

Natural gas: up almost 3%; up 20 cents; trading at $7.20.

Link here. 

It sure looks like we are about to hit a new five-year minimum. 

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