Oct 28, 2021
1:10:52pm
1:10:52pm
I believe natural gas is being inflated by speculation and shortages in Europe.
The EIA report released today showed an 87 Bcf storage injection which raised stocks to 3,548 Bcf. That’s only 3.4% off the 5 year average and 10.2% lower than a year ago.
Those numbers don’t gibe with the current price of nat gas which is why I suggested this run up is being fueled by European shortages and speculators. We don’t have a nat gas problem here in the US despite what the price is saying. Russia will begin filling Europe's storage on Nov 8 so I expect the price of nat gas to drop sometime thereafter.
Those numbers don’t gibe with the current price of nat gas which is why I suggested this run up is being fueled by European shortages and speculators. We don’t have a nat gas problem here in the US despite what the price is saying. Russia will begin filling Europe's storage on Nov 8 so I expect the price of nat gas to drop sometime thereafter.
Originally posted on Oct 28, 2021 at 1:10:52pm
Message modified by WDaddy on Oct 28, 2021 at 1:13:09pm
Message modified by WDaddy on Oct 28, 2021 at 1:15:08pm
Message modified by WDaddy on Oct 28, 2021 at 1:17:04pm
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10/28/21 12:49pm
Inflation at this rate is really bad for everyone and no one wins. Which is why freezing the economy and then printing
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