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There Isn’t Enough Natural Gas to Calm Down a Global Price Rally

davfordavfor
in Other Investing
Just keeping an eye on the evolution of the tug-of-war between fossil fuels and renewable energy. Fossil fuels are having a better year so far (at least judging by my investments). The continuation of the multi-decade transition towards renewable energy appears critical and clear. But, it doesn't appear to me the time for fossil fuel investments has fully passed (I still own gas powered cars and a house heated with natural gas). Anyway....
“Supply will likely remain tight for the next two or three years as the industry makes up for the lack of new supply investments in 2020 and catches up with robust demand growth,” said Whistler.
https://bnnbloomberg.ca/there-isn-t-enough-natural-gas-to-calm-down-a-global-price-rally-1.1621711

Comments

  • Derf
    In the U.S., the so-called Henry Hub futures prices have more than doubled over the past year to the highest seasonal level since 2014. Inventories are 5.8% below normal for the time of year, the widest deficit since 2019 on a seasonal basis, signaling tighter supplies for next winter.

    Did Covid-19 have anything to do with tighter supplies ? If like other commodities, the answer is yes.
    Stay Kool , Derf
  • zigster
    CV19 caused tightness in the toilet paper supply chain in my supermarket last spring/summer. One package per customer. Hoarding and furloughed tree fellers in the PNW's forests contributed to rationing. Not sure if this affected timber prices. Either way I was too late, like when oil went negative $30 per barrel. As for fossil fuels versus renewable energy, here's a report on hydrogen: https://www.bbc.co.uk/programmes/w3ct1hsk
  • davfordavfor
    zigster said:

    CV19 caused tightness in the toilet paper supply chain in my supermarket last spring/summer. One package per customer. Hoarding and furloughed tree fellers in the PNW's forests contributed to rationing. Not sure if this affected timber prices. Either way I was too late, like when oil went negative $30 per barrel. As for fossil fuels versus renewable energy, here's a report on hydrogen: https://www.bbc.co.uk/programmes/w3ct1hsk

    A little more about hydrogen...
    A Gigafactory for Hydrogen Could Be a Game-Changer
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