Showing posts with label Oil Price. Show all posts
Showing posts with label Oil Price. Show all posts

Thursday, October 6, 2022

I don't know about you, but my natural gas and electric costs are up 71% from two years ago

 Why?

Basically a combination of demand for domestic electric power production, demand for LNG exports to Europe because of the Ukraine war, low inventories headed into the winter, and fear.

Prices have quadrupled.

And Biden is considering ending all offshore drilling.

We are so screwed by these Democrat clowns.

Why Have U.S. Natural Gas Prices Soared Since 2020?

. . . natural gas production levels are at record highs, so we can’t blame a lack of production on this issue. This is from soaring demand, led in the past two years by the fastest-growing LNG export market in the world.