• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 2 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 4 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 16 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 23 hours "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 22 hours An Indian Opinion on What is Going on in China
  • 1 day Can Technology Keep Coal Plants Alive and Well?
  • 2 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 4 days Perfect Energy Storm in Europe: turning our back on fossil fuels is easier said than done!
  • 20 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 1 day Storage of gas cylinders
  • 4 days Nord Stream - US/German consultations
Editorial Dept

Editorial Dept

More Info

Premium Content

Get Ready For The Energy Price Shock

Natural gas supply concerns continue to feed fears and push futures higher. As of Wednesday, the October Nymex contract was trading up over 17 cents, and Europe is in focus. 

Natural gas prices in Europe continue to rise, and U.S. prices are rallying around this, as well, responding both to European price jumps and concerns about storage capacity on both sides of the Atlantic.

Year-to-date, the key benchmark price in Europe—the Title Transfer Facility (TTF, a Dutch virtual hub)—has shown an increase of 245% and a YOY increase of an astounding 520%, based on the latest data shared by Standard Chartered. 

 LNG exports aren’t ready to step in to do anything about it. 

We have now reached a point where Americans might have to adjust their geopolitical thinking about Russia’s Gazprom-led Nordstream 2 pipeline. This is precisely where geopolitics hits the pocketbook—but not in the way that fits into the American narrative against Nordstream and the political leverage that could give Putin over Europe. 

Even a regularly cold winter in Europe will send prices--which shot up another 10% just on Wednesday--soaring much further. Anything slightly colder than the norm will be a price shock of new proportions. 

Another factor is Nord Stream itself. Prices jumped again Monday partly in response to news that it could take four months to clear Nord Stream for operations. Immediately prior to that,…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News