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(NASDAQ)   Natural Gas prices soar 100% in the last 3 months on news it's going to be a long, cold, poor winter   (nasdaq.com) divider line
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594 clicks; posted to Business » on 27 Sep 2021 at 5:45 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
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2021-09-27 6:11:24 PM  
'Murica.
 
2021-09-27 6:20:51 PM  
I hear with a wood stove in winter and have about 80 percent of my wood for the season. Need to get my hands on some hardwood...
 
2021-09-27 6:39:04 PM  
Just got a heat pump w/gas backup for the upstairs so, getting a kick.
 
2021-09-27 6:39:59 PM  
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2021-09-27 6:40:18 PM  

skiinstructor: I hear with a wood stove in winter and have about 80 percent of my wood for the season. Need to get my hands on some hardwood...


I can get you some. I also have some natural gas if that's what you're into.
 
2021-09-27 7:08:31 PM  

Hooker with a Penis: skiinstructor: I hear with a wood stove in winter and have about 80 percent of my wood for the season. Need to get my hands on some hardwood...

I can get you some. I also have some natural gas if that's what you're into.


Username checks out
 
2021-09-27 7:09:23 PM  

King Something: 'Murica.


In other news, natural gas prices are up higher in Europe than in the USA. https://oilprice.com/Latest-Ener​gy-New​s/World-News/Natural-Gas-Prices-In-Eur​ope-Hit-An-All-Time-High.html
 
2021-09-27 7:10:53 PM  
from what I know about natural gas prices, June (3 months ago) is annually the lowest price point of the year.

the people that need it for heat routinely buys as much as as they think they'll need all at once to capitalize on the low price. and then the price rises and peaks around January before falling until June comes around again.

so "100% in 3 months" really needs a lot more context.

/which might be in the article I didn't read before commenting.
 
2021-09-27 7:11:16 PM  
I'd like a count of how much liquid and gaseous dead dinosaur is left in the ground for us to piss away before our future generations have a shot.
 
2021-09-27 7:51:41 PM  

skiinstructor: I hear with a wood stove in winter and have about 80 percent of my wood for the season. Need to get my hands on some hardwood...


Nothing beats a wood stove.  Im too busy to split, season and stack so I buy a chord and a half. And two pallets of BioBricks. Run it almost 24/7 the whole winter. Usually under a grand per season.  My house is never below 73 in the winter here in New England. Wood stoves heat to the bones of a house.
 
2021-09-27 8:08:21 PM  
Sweaters it is!

/I like it cold anyway. - my people come from Russia/Ukraine etc
//grew up and remain in the NYC area
///40F and a sunny day in Jan is a beautiful day
 
2021-09-27 8:22:49 PM  

CCNP: King Something: 'Murica.

In other news, natural gas prices are up higher in Europe than in the USA. https://oilprice.com/Latest-Energ​y-News/World-News/Natural-Gas-Prices-I​n-Europe-Hit-An-All-Time-High.html


A lot of farkers mock their fellow Americans for knowing nothing about other countries, and then proceed to know nothing about other countries.
 
2021-09-27 8:50:26 PM  
I have weatherstripping. And some of that window plastic covering.  Bring it.
I am unafraid, because it is 65 here today.

MurphyMurphy: I'd like a count of how much liquid and gaseous dead dinosaur is left in the ground for us to piss away before our future generations have a shot.


We have a lot, but we can't burn it.  So our future generations can't burn it either.
so we should burn it all, we're not hurting them any. More.  Not really. Right?

According to one report:
... we will have to leave between 65 to 80 percent of current known reserves untouched if we are to stand a chance of keeping average global temperature rise below our two-degrees global target
 
2021-09-27 9:21:49 PM  
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2021-09-27 9:22:15 PM  

skiinstructor: I hear with a wood stove in winter and have about 80 percent of my wood for the season. Need to get my hands on some hardwood...


I got some hard wood for ya
 
2021-09-27 9:43:25 PM  
Dammit, oh no, now the price of a toasted Quiznos will double.
 
2021-09-28 8:56:28 AM  
every fall the people selling you heating fuel run the same "this year predicted to be coldest in recent history" story and then jack up prices.  if even 1/10 of the stories were true the entire planet would be covered with a mile of permanent ice.
 
2021-09-28 10:09:35 AM  

baorao: from what I know about natural gas prices, June (3 months ago) is annually the lowest price point of the year.

the people that need it for heat routinely buys as much as as they think they'll need all at once to capitalize on the low price. and then the price rises and peaks around January before falling until June comes around again.

so "100% in 3 months" really needs a lot more context.

/which might be in the article I didn't read before commenting.


More context:  NG prices were depressed last year due to the pandemic and the brief recession that it caused.

This is yet another example of "slight above average levels seen the last 10 years" gets translated to OMGWTFBBQ!1!!1!ONe!!1one! behavior in the press.  There was a similar "we don't understand statistics at all" article linked to about the ozone "hole" above the antarctic last week.
 
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