Props to someone in Biden’s administration…
https://www.zerohedge.com/energy/biden-admin-halts-2nd-largest-us-lng-plant-restarting-operations-after-blast
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It's more likely that it's just another sign of incompetence. The entire Admin is so focused on their woke ESG bullshit that they don't realize that they need to have alternatives in place.HoustonHusky said:Someone got smart and is slow-walking the Freeport LNG repairs to keep natural gas in the US and drop the price of it here (and from that electricity prices). REALLY screws over Germany and the rest of Europe though…think it’s actually pretty smart. Amazed that they are doing it.
https://www.zerohedge.com/energy/biden-admin-halts-2nd-largest-us-lng-plant-restarting-operations-after-blast -
Let the market work. We could ban all kinds of exports to the world, like wheat, chicken, pork, beef, soybeans etc. and just drive the price down and put Americans out of work. The answer is more US natural gas production and pipeline construction and LNG export facilities. That is the winning answer for both US consumers, US workers and cheaper LNG to Europe and Asia. The temporary drop in US natural gas prices would be just that. Temporary as producers lost their profit motive. Remember the great success with oil and gas price controls and the excess oil profit tax? All ended by Reagan and it seemed to work out pretty well until barry and the dementia patient phucked it up.
US Natural Gas now under $6.
Germany Natural Gas over $27. That's what I would call a target rich environment.
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TTF (European gas) is now over $40/mmbtu. They are truly screwed, esp if Russia doesn’t come back up after their maintenance. There is a reason the govts inEurope are talking about rationing gas usage.
Natural gas here was heading over $10/mmbtu…now it’s under $6. The winter balances were looking ugly, and with Freeport LNG now down the balances are getting almost normal.
Crazy how one plant can swing it that much… -
HoustonHusky said:
TTF (European gas) is now over $40/mmbtu. They are truly screwed, esp if Russia doesn’t come back up after their maintenance. There is a reason the govts in Europe are talking about rationing gas usage. I agree, phuck the Euros. Wasn't like Trump didn't warn them and they laughed. Sort of an ant and grasshopper thing.
Natural gas here was heading over $10/mmbtu…now it’s under $6. The winter balances were looking ugly, and with Freeport LNG now down the balances are getting almost normal.
Crazy how one plant can swing it that much… -
Natural gas? More like maga gas
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Trump’s Energy Secretary actually called it Freedom Gas…Pitchfork51 said:Natural gas? More like maga gas
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Call it native American anti white gas. Support will skyrocketHoustonHusky said:
Trump’s Energy Secretary actually called it Freedom Gas…Pitchfork51 said:Natural gas? More like maga gas
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You have my support.Pitchfork51 said:
Call it native American anti white gas. Support will skyrocketHoustonHusky said:
Trump’s Energy Secretary actually called it Freedom Gas…Pitchfork51 said:Natural gas? More like maga gas
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Drill baby drill, manufacture baby manufacture and grow baby grow would put an end to all this nonsense
We the motherfucking US of A and when we turn it on, nobody in the fucking world can touch us.
Winners win. Losers GTFO of the way.
Downvote that, bitch.
