Always remember, this is their plan.
Wall Street Journal (1/27/22) reports: "A wild spike in expiring natural-gas futures contracts on Thursday afternoon was the latest bout of extraordinary volatility that has whipsawed financial markets to start the year. Natural-gas futures for February delivery settled 46% higher, at $6.256 per million British thermal units, the largest one-day gain on record. More heavily traded futures for March delivery ended the day up 8.1% at $4.363. Futures for more distant deliveries moved similarly to March contracts in a rise that isn’t unusual for this time of year, when traders wager on the severity of winter weather and the demand it will create for the heating and electricity-generation fuel. Forecasts monitored by traders on Thursday were revised lower for early February, signaling greater demand beyond the storm that is expected to freeze much of the country this weekend. Prices remain much higher in Europe because of low supplies and concerns that Russian exports could be shut off if tensions escalate along the border with Ukraine, through which the European Union receives about 40% of its gas."
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Don't say you weren't warned, America.
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"[Hydraulic fracking] bans don’t work. Proponents of this misguided policy hope constraining the supply of natural gas will translate into lowered demand. But that’s not how supply and demand work, actually. Fracking bans only take us backward to a time when we imported the majority of our gas and oil from foreign countries."
– Gene Yaw,
Pennsylvania State Senator
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