Do you mean the biden political stuff ? No, that has nothing to really do with the front of the curve.

Like I've been saying for the last 18 months, Natty producers not being smart, too many of them, Comstock, Aethon, a few Marcellus guys need to not exist.

CheladaAg said:

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Cyp0111 said:

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Do you mean the biden political stuff ? No, that has nothing to really do with the front of the curve.

Like I've been saying for the last 18 months, Natty producers not being smart, too many of them, Comstock, Aethon, a few Marcellus guys need to not exist.

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I was banging that drum since last year around this time. Just didn't make any sense given the prospects at the time…here we are now. Hope all those producers are happy now.

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Yeah those companies should stop producing and let their debt ratio go to infinity, it's for the greater good

So when are electricity prices gonna come back down?

The most frustrating part of natural gas is its truly the government, and very dumb liberals, stopping its expansion.

Suspension of gulf coast refining and LNG expansion is just gonna increase flares at the pad. That gas is still coming out of the ground, just a matter of if its going to do useful work or not. The fact that the marcellus shale is as close to city centers as where NYC gets its water from (Ashokan Lake) is a slap to the face to every poor person having to pay out the nose for heating oil.

Let it be known that even if america were able to export LNG around the world as well as finally get a pipeline to the east coast, shale drillers would still find a way to get it back to down $2 in less than a year.

one MEEN Ag said:

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The most frustrating part of natural gas is its truly the government, and very dumb liberals, stopping its expansion.

Suspension of gulf coast refining and LNG expansion is just gonna increase flares at the pad. That gas is still coming out of the ground, just a matter of if its going to do useful work or not.

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I hate tinfoil conspiracies, but I wouldn't be surprised if that was part of the plan. Force flaring and then use that as the means to shut down drilling and continue to force "green" energy.

AgLA06 said:

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• Force flaring that looks horrible in propaganda campaigns and isn't good for the environment.
• Limit the ability to justify an efficient source of energy by localizing consumption moving forward
• Scare the population with NG or other "highly dangerous" materials being forced to being moved by truck or rail.
• Expand incentives for "green" energy

Sit back and watch the shift.

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don't forget:

• enact two separate laws, one which lowers the baseline destruction efficiency assumed on all flares in the country, and another which places a tax on excess methane emissions so you can also collect revenue on all this flaring you just forced

AgLA06 said:

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one MEEN Ag said:

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The most frustrating part of natural gas is its truly the government, and very dumb liberals, stopping its expansion.

Suspension of gulf coast refining and LNG expansion is just gonna increase flares at the pad. That gas is still coming out of the ground, just a matter of if its going to do useful work or not.

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I hate tinfoil conspiracies, but I wouldn't be surprised if that was part of the plan. Force flaring and then use that as the means to shut down drilling and continue to force "green" energy.

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Not a conspiracy theory, more like strategic planning

Furlock Bones said:

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one of the biggest issues for Nat Gas is the Permian Basin. the Permian/Delaware guys are price takers on gas. Their biggest issue with gas is not pricing. It's take away, so they can continue producing oil and associated NGLs. Absolute killer for the mainstay Gas companies.

Biden's LNG pause is dumb as hell but has nothing to do with current pricing.

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Gas takeaway is an issue everywhere. So we mine bitcoin with the stranded gas. Win win

Operator sells gas to a midstream company or bitcoin mining company. Gas purchase agreement.