Thursday, April 14, 2022

The US natgas tank on empty

 The 'empty' light is flashing.  There's always the tension of wondering how far your reserve gets you.


That's the storage report and it's lying flat when it should be turning up.  It's so flat that you must wonder that it has hit a physical limit.  



The market is now panicking, and there is still a mass of cold air coming down.  The entire Arctic is pouring down on us.  The papers say the high price is due to the war, but we know better.  It's due to the ice cycle starting, and everybody believes the 'la la' artsies.

ps.  of course the price went up because Quebec banned all oil and gas exploration.  :)  

pps. looking at the storage, it seems 100% that they have run out.  It would have dropped lower with the price so high.  I've been expecting this for years.  

more: none of the articles mention that they have run out of natgas.  They all believe this is just a temporary spike.


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