Props to someone in Biden’s administration…

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

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HoustonHusky

Current Dutch Nat Gas prices (TTF…main trading hub in Europe) is energy equivalent to $286/BBL oil (normally it’s discounted to oil)…seems sustainable. Just need a few more windmills and solar panels in Northern Europe to fix the problem.

HoustonHusky

Germany seems like it’s handling the situation well…

https://twitter.com/schuldensuehner/status/1543844756614258689?s=21&t=9kUSn2UabtBouD6ulSGE4g

Doogles

Germany seems like it’s handling the situation well…
https://twitter.com/schuldensuehner/status/1543844756614258689?s=21&t=9kUSn2UabtBouD6ulSGE4g

Trump was right.

HoustonHusky

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…

Dated info…now it’s $57/mmbtu. Maybe need another windmill or two.

hardhat

https://twitter.com/ShellenbergerMD/status/1544054247272112128?s=20&t=lpVDQ7vMyXdCLy1NQqZQ1Q

RaceBannon

http://twitter.com/ShellenbergerMD/status/1544055026359861249?t=ihNiugas_GYIWvOtjWsVNQ&s=19

hardhat

http://twitter.com/ShellenbergerMD/status/1544055026359861249?t=ihNiugas_GYIWvOtjWsVNQ&s=19

Homerun accuracy

hardhat

https://twitter.com/AlexEpstein/status/1544395949715296256?s=20&t=tzDg4xKM7acojtZ2CI7vCQ