Watch this short video: https://www.youtube.com/watch?v=lEVgn7n5cs0
NATURAL GAS
Henry Hub
Day change: UNCH | Settle: $4.805 | October 2021
TTF (Europe ngas price)
Day change: $0.700, down 2.7% | Settle: $24.671 | October 2021
JKM (Japan & Korea ngas price)
Day change: $0.550, down 2.0% | Settle: $26.975 | November 2021
> Sticking with the theme of surging energy prices: Brussels is facing major blowback against its plans to extend the EU ETS to cars and buildings, including homes...
> ...as prices continue to rise, some members of the EU parliament are raising concerns on the impacts of carbon prices to lower income citizens...
> ...however the EU's employment commissioner, Nicolas Schmidt, told the Financial Times that the EU is willing to supplement the climate fund with additional measures to alleviate the social impact of climate policy
> With ~60% of commercial CO2 production capacity offline in the UK amid soaring energy prices and fertilizer plant closures, the UK is warning of CO2 price spikes...
> …Britian warned food producers to prepare for a ~500% increase in CO2 prices following an extension of emergency support to avert poultry/meat shortages...
> ...meanwhile, UK energy minister Kwasi Kwarteng warned that the UK must "prepare for long-term high prices", conceding that most energy retail suppliers would not be able to cover their costs, given wholesale pricing levels...
> ...elsewhere in Europe, France is planning to make a one-off $118 payment to 5.8 million households that currently receive energy vouchers to help offset rising costs
> And after calls from the IEA on Russia to send further gas supplies to Europe, a Kremlin spokesperson reiterated today that Gazprom was "sticking to its contractual obligations in full"...
> ...and to just think, one year ago today European gas prices were sub-$4 and Brent oil prices were nearly $40/bbl
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How long will citizens (voters) put up with this Green New Deal crap?
Why are ngas prices in Europe going a lot higher?
Why are ngas prices in Europe going a lot higher?
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Why are ngas prices in Europe going a lot higher?
Good question.
Let them eat cake, in the cold and dark won't work this time either.
Let them eat cake, in the cold and dark won't work this time either.
Re: Why are ngas prices in Europe going a lot higher?
They’re all fine with the green néw deal as long as they have access to your stuff too.
Biden is going to implement price controls on energy and call it a carbon tax or something stupid like that and Elizabeth warren, Bernie, AOC, Schumer and the rest of the Muppets, along with the laurel and hardy press will get a big kick out of beating up the oil and gas people.
How did we get to this point as a country where we have no shared values? If anyone has a spare “opt out” form, please let me know
Biden is going to implement price controls on energy and call it a carbon tax or something stupid like that and Elizabeth warren, Bernie, AOC, Schumer and the rest of the Muppets, along with the laurel and hardy press will get a big kick out of beating up the oil and gas people.
How did we get to this point as a country where we have no shared values? If anyone has a spare “opt out” form, please let me know