Monday, November 2, 2020

Natural gas prices start to hit earthquake levels

 


We last had Oklahoma earthquakes during that last spike in October 2019.  Since then, almost nothing.  

High prices and the storage is high.  Neat.



That's the storage report.  Last year I predicted new peak prices for natgas, and I was wrong because the warm tropical plumes came flooding in and gave us a warm winter.  This year, I'll predict the same thing, but don't put any money on it.

We're into natgas freeze-up for north east frack gas.  That frack water is what causes the problem in OK.  People start injecting it and instant earthquakes.  If there is an earthquake response, it will come at the thaw.

Earthquakes will give me a chance to talk about neato things, not cold and covid.  :(


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