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The Water Cooler
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Prepare for higher natural gas prices this winter.
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<blockquote data-quote="Rustygun" data-source="post: 3647662" data-attributes="member: 4711"><p>I am pretty sure that at least 40% of the electricity in the US is natural gas fired generation. the demand you must be talking about is industrial and residential. Those two segments have been depressed like everything else due to the pandemic. </p><p></p><p>the current elevated price of natural gas is due to in part to several things, probably the biggest influence is the Biden administration has reinstated all the burdensome regulations on the energy industry and essentially stopped horizontal drilling and fracking. So producers costs have gone up forcing some of them out of business and supply has has declined.</p></blockquote><p></p>
[QUOTE="Rustygun, post: 3647662, member: 4711"] I am pretty sure that at least 40% of the electricity in the US is natural gas fired generation. the demand you must be talking about is industrial and residential. Those two segments have been depressed like everything else due to the pandemic. the current elevated price of natural gas is due to in part to several things, probably the biggest influence is the Biden administration has reinstated all the burdensome regulations on the energy industry and essentially stopped horizontal drilling and fracking. So producers costs have gone up forcing some of them out of business and supply has has declined. [/QUOTE]
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Prepare for higher natural gas prices this winter.
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