UNG ETF for NATURAL GAS - READ THE NOTES IMPORTANTNow Nat Gas is trading for $2.3 per BTU
In Europe it sells much higher between $70 and $100 per BTU
The Biden Administration over regulated the Nat Gas industry in the USA, and many users of the commodity switched to other fuels like Coal for example and Solar and Wind. Ineficient.
NAT GAS coupled with Scrubbing Technology is litterally 99.9% clean. Dipnts makes great scrubbers.
Now Nat Gas moves in four year cycles, well as you can see when Biden took office it was operating normally at $130 for the UNG.
Finnaly everyone realized that NAT GAs from America is the way to go.
One Liquified Gas Tanker per month keeps the lights on in London.
Gas then is obviously the way to go, not wind nor solar.
EEUU had been supplied by Iran through QATAR, this is theoretical but super likely. Trump will reopen our energy industry, but the damage the Biden White House made is expensive. We could be facing shortages, as gas storage deposit have been partially depleted. and Production costs are indeed $7 per BTU at $7 UNG should trade at the conversion near $130 more or less. please do your own work and be diligent.
User of nat gas are looking at the situation and will use likely UNG as a hedge.
I bought some and maybe you should too. This is not financial advise, as you all understand we post to participate together in addressing capital allocation and solving future needs. In this case hedging against volatility.
