Why U.S. Natural Gas Prices Are Surging to Three-Year Highs

9 comments

1. Who in the administration owns stock in the gas company?

2. Historically, spot gas prices go up in the fall (heating season) and tend to rise in response to cold/snowy fronts that hit the East Coast. It was up to 5.20 from below 3.00, but has already fallen back to 4.10. The impact of great LNG exports domestically will also have an effect on both the long-term price and amount of production, both likely increaseing.

3. Wasn’t there an export ban on LNG that lifted recently? Probably a big factor.

4. Greed

5. Well if we going to export every cubic meter that we don’t use here in “murica”… Very short sighted thinking. (greed)

6. Natural gas prices above 5.00 is about the same thing as OpenAIs solvency. It’s keeps a big bubble from popping. The massive export LNG build out needs gas trading above 5.00 to not go bust in their loans.

7. Most of our export gas comes from cheap markets like Permian and Haynesville, tons of which was getting flared off just a few years ago. We still have the cheapest gas in the developed world.

8. Natural gas usage in America is always high with all the humongous homes. You would think that with the advent of electric heat pumps, consumption would slow, but because a lot of electricity is generated with NG, it has actually gotten worse.

9. Because North Dakota flares off all the natural gas. Looks like a mega city from space there’s so much being flared. It’s criminal. That all belongs to the nation yet it’s being burned up.

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