UK Gas Long : Higher Prices will follow come Winter
Updated
Summary: Long, higher demand coming for winter months plus ongoing supply constrains most like to continue.
Prices have cooled off as profit taking occurs and more seller than buyers push prices down.
Prices have cooled off as profit taking occurs and more seller than buyers push prices down.
Note
For the United States, as bad as prices seem, it is way worse everywhere else. Natural gas prices in Europe are now ten times what they are in the United States, and the Europeans have zero reasons to expect their situation to improve one whit this year. Or next year. Or the year after. Europe has next to no local oil or natural gas production, and no shale sector to speak of. Instead, the Europeans have chosen to rely on solar and wind power (on the world’s cloudiest and calmest continent, no less), with a bit of bridge assistance from…the Kremlin.
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