Ecocharger + 1,446 DL January 31, 2023 13 hours ago, Polyphia said: Many have "responded to the challenge." You just don't understand (or you refuse to accept) the counterarguments. You failed to respond. Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,217 er January 31, 2023 4 hours ago, notsonice said: Lack of Demand for all fossil fuels is causing the markets in fossil fuels to crash..... Enjoy the Renewables Boom......... PS the switch to Coal???? you can bet the those coal fired plants that were put back in service in 2022 will go back out of service due to the glut in Nat Gas..... Seaborne Coal prices are getting hammered right now.......... Enjoy the latest news Natural Gas Prices Crashing Amid Warmest January In 15 Years—Here’s How Bad Bear Market Could Get Jonathan Ponciano Forbes Staff Follow Jan 30, 2023,10:21am EST Updated Jan 30, 2023, 04:01pm EST Natural gas prices extended a months-long decline on Monday—falling to the lowest level in nearly two years as analysts expect the unseasonably warm winter could continue to depress the market for natural gas in the coming weeks, ultimately keeping prices below recent highs for at least another year. European Natural Gas Prices Surge Ahead Of Cold Spell By Tsvetana Paraskova - Jan 31, 2023, 6:58 AM CST The Dutch TTF benchmark price jumped by 11% on Tuesday morning, recovering from a 17% price slump last week. An unplanned outage at a Norwegian gas processing plan and short covering combined to add upward pressure to gas prices. Next week, temperatures could be lower than initially expected, which would boost demand for natural gas after a mild winter so far. Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL January 31, 2023 (edited) 4 hours ago, notsonice said: Lack of Demand for all fossil fuels is causing the markets in fossil fuels to crash..... Enjoy the Renewables Boom......... PS the switch to Coal???? you can bet the those coal fired plants that were put back in service in 2022 will go back out of service due to the glut in Nat Gas..... Seaborne Coal prices are getting hammered right now.......... Enjoy the latest news Natural Gas Prices Crashing Amid Warmest January In 15 Years—Here’s How Bad Bear Market Could Get Jonathan Ponciano Forbes Staff Follow Jan 30, 2023,10:21am EST Updated Jan 30, 2023, 04:01pm EST Natural gas prices extended a months-long decline on Monday—falling to the lowest level in nearly two years as analysts expect the unseasonably warm winter could continue to depress the market for natural gas in the coming weeks, ultimately keeping prices below recent highs for at least another year. As more power plants phased out coal use, natural gas prices skyrocketed during the pandemic—but now ... [+] TIM GRAHAM/GETTY IMAGES KEY FACTS U.S. natural gas prices fell 5% to less than $2.70 Monday morning—pushing losses more than 72% below an August high of roughly $9.70 and at one point hitting what would be the lowest closing price since April 2021. "The next U.S. gas bearish cycle is here," Goldman Sachs analysts led by Samantha Dart wrote in a weekend note to clients, noting an “exceptionally warm” January—with average temperatures at the highest level in 15 years—has helped dissipate winter-related risks to supply and push prices down by more than 50% over the past month alone. Though the analysts acknowledge the selloff appears “overdone,” particularly with higher gas demand expected over the coming weeks, they still believe warmer weather forecasts or disappointing demand could push gas prices further down. With supply expected to remain healthy, Goldman ultimately projects prices could fall below $2 and remain in a bear market through at least next summer, keeping prices below $3.85 and likely not going back above $4 until 2025. KEY BACKGROUND As more power plants phased out coal use, natural gas prices skyrocketed during the pandemic—more than quadrupling between April 2020 (when prices fell below $2 amid another unseasonably warm winter) and August 2022. However, the soaring demand has also helped bolster production to record levels, helping to fuel the sudden collapse in prices over recent months. Goldman notes one scenario that could push prices down further: If Europe, which has also faced a warmer-than-average winter, becomes so oversupplied with gas this year, it may be forced to lower prices so much that U.S. liquefied natural gas exports get canceled—similar to what happened when U.S. prices plummeted in 2020. CRUCIAL QUOTE “Warmer-than-average temperatures across much of the country is suppressing heating demand, domestic production remains at record highs, and inventories are seasonably healthy,” explains analyst Tom Essaye, founder of the Sevens Report, of the recently collapsing market for natural gas. It looks like January will not be such a warm month after all, all that global warming has had trouble finding Texas. https://www.accuweather.com/en/winter-weather/live-news/live-updates-ice-storm-southern-plains-winter-weather/1476035 "Icy roads are creating extremely dangerous conditions on roads across the southern Plains. Just after 6:30 a.m. CST Tuesday morning, one person was pronounced dead on the scene following a multi-vehicle crash in Austin, Texas, Austin Austin-Travis County EMS confirmed on Twitter. While not stated in the tweet from the Austin-Travis County EMS, the icy roads likely played a role in the accident on Tuesday morning. On Monday morning, authorities cited the winter weather as a factor in a fatal crash in Benton County, Arkansas. A spokesperson for the Benton County Sheriff’s Office stated a flatbed truck that was hauling equipment lost control and flipped on a road east of Avoca, Arkansas, killing the driver." Edited January 31, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Polyphia + 82 LT January 31, 2023 1 hour ago, Ecocharger said: You failed to respond. You might want to have that amnesia checked. Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 January 31, 2023 3 hours ago, Old-Ruffneck said: European Natural Gas Prices Surge Ahead Of Cold Spell By Tsvetana Paraskova - Jan 31, 2023, 6:58 AM CST The Dutch TTF benchmark price jumped by 11% on Tuesday morning, recovering from a 17% price slump last week. An unplanned outage at a Norwegian gas processing plan and short covering combined to add upward pressure to gas prices. Next week, temperatures could be lower than initially expected, which would boost demand for natural gas after a mild winter so far. Let's take a look at that: Wow, how unimpressive. Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,217 er January 31, 2023 (edited) 2 hours ago, Jay McKinsey said: Let's take a look at that: Wow, how unimpressive. BP Taps Deep Gas Reservoirs In Azerbaijan’s Caspian Sea | OilPrice.com If you say so Jay-libtard. Edited January 31, 2023 by Old-Ruffneck add 2 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 (edited) 12 hours ago, Polyphia said: You might want to have that amnesia checked. You might want to step up and respond. Why does earth temperature decline when CO2 levels are are extremely high? Why does earth temperature increase when CO2 levels are extremely low? That problem seems to have blown your fuses. Edited February 1, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Polyphia + 82 LT February 1, 2023 57 minutes ago, Ecocharger said: You might want to step up and respond. Why does earth temperature decline when CO2 levels are are extremely high? Why does earth temperature increase when CO2 levels are extremely low? That problem seems to have blown your fuses. Already asked, already answered. Quote Share this post Link to post Share on other sites
notsonice + 1,243 DM February 1, 2023 (edited) 13 hours ago, Old-Ruffneck said: European Natural Gas Prices Surge Ahead Of Cold Spell By Tsvetana Paraskova - Jan 31, 2023, 6:58 AM CST The Dutch TTF benchmark price jumped by 11% on Tuesday morning, recovering from a 17% price slump last week. An unplanned outage at a Norwegian gas processing plan and short covering combined to add upward pressure to gas prices. Next week, temperatures could be lower than initially expected, which would boost demand for natural gas after a mild winter so far. 13 hours ago, Old-Ruffneck said: European Natural Gas Prices Surge Ahead Of Cold Spell By Tsvetana Paraskova - Jan 31, 2023, 6:58 AM CST The Dutch TTF benchmark price jumped by 11% on Tuesday morning, recovering from a 17% price slump last week. An unplanned outage at a Norwegian gas processing plan and short covering combined to add upward pressure to gas prices. Next week, temperatures could be lower than initially expected, which would boost demand for natural gas after a mild winter so far. Last week down 17 percent to $2.63 your big surge to $2.76..... lol what a joke...........Middle of winter and the prices crashed Enjoy adjust todays $2.76 back for the last 30 years and you have a price that shows an oversupplied market at all levels....Only good thing about the low price...... to wipe out the coal market..........oversupplied market and renewables will make sure 2023 , 2024, 2025 that the oil/gas retards have to resort to eating sawdust Edited February 1, 2023 by notsonice Quote Share this post Link to post Share on other sites
notsonice + 1,243 DM February 1, 2023 13 hours ago, Ecocharger said: It looks like January will not be such a warm month after all, all that global warming has had trouble finding Texas. https://www.accuweather.com/en/winter-weather/live-news/live-updates-ice-storm-southern-plains-winter-weather/1476035 "Icy roads are creating extremely dangerous conditions on roads across the southern Plains. Just after 6:30 a.m. CST Tuesday morning, one person was pronounced dead on the scene following a multi-vehicle crash in Austin, Texas, Austin Austin-Travis County EMS confirmed on Twitter. While not stated in the tweet from the Austin-Travis County EMS, the icy roads likely played a role in the accident on Tuesday morning. On Monday morning, authorities cited the winter weather as a factor in a fatal crash in Benton County, Arkansas. A spokesperson for the Benton County Sheriff’s Office stated a flatbed truck that was hauling equipment lost control and flipped on a road east of Avoca, Arkansas, killing the driver." Texas is not the whole world........ Except if you are a low IQ Texan Quote Share this post Link to post Share on other sites
Ron Wagner + 702 February 1, 2023 On 1/28/2023 at 4:44 PM, Old-Ruffneck said: Natural Gas Reforming/Gasification: Synthesis gas—a mixture of hydrogen, carbon monoxide, and a small amount of carbon dioxide—is created by reacting natural gas with high-temperature steam. The carbon monoxide is reacted with water to produce additional hydrogen. This method is the cheapest, most efficient, and most common. Natural gas reforming using steam accounts for the majority of hydrogen produced in the United States annually. Thank you for your expertise Old-Ruffneck! 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 8 hours ago, Polyphia said: Already asked, already answered. You never answered. Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 8 hours ago, notsonice said: Texas is not the whole world........ Except if you are a low IQ Texan Read the articles....this covers a huge section of the nation. Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 (edited) So now "profits" and "earnings" have become dirty words in America? It is a crime to buy back shares and distribute dividends? I guess those new rules apply only to the oil industry, other industries are exempt from the contempt shown by Biden & Co. It is time for government officials to take a refresher course on how the economy works in America. https://oilprice.com/Latest-Energy-News/World-News/White-House-Slams-Exxons-Record-Profit-As-Outrageous.html "High oil and gas prices were the key reasons for higher profits at Exxon, which beat its own annual earnings record of $45.2 billion from 2008 – when oil prices hit a record $142 per barrel – and posted the highest-ever annual profit by a major Western oil firm. The reaction from the White House was quick. “It’s outrageous that Exxon has posted a new record for Western oil company profits after the American people were forced to pay such high prices at the pump amidst Putin’s invasion,” White House spokesperson Abdullah Hasan said in a written statement, as carried by The Hill. “The latest earnings reports make clear that oil companies have everything they need, including record profits and thousands of unused but approved permits, to increase production, but they’re instead choosing to plow those profits into padding the pockets of executives and shareholders while House Republicans manufacture excuse after excuse to shield them from any accountability,” the White House said. Referring to the record earnings at Exxon, President Biden said on Twitter, “The only thing stopping Big Oil from increasing production is their decision to pay shareholders billions instead of reinvesting profits.”" Edited February 1, 2023 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Polyphia + 82 LT February 1, 2023 17 minutes ago, Ecocharger said: So now "profits" and "earnings" have become dirty words in America? It is a crime to buy back shares and distribute dividends? It was a crime until 1982 and should have remained as such. Quote Share this post Link to post Share on other sites
notsonice + 1,243 DM February 1, 2023 1 hour ago, Ecocharger said: Read the articles....this covers a huge section of the nation. nat gas price this morning $2.66......guess the market does not care about a few days of cold weather in a small section of the US so which one do you blame for the low nat gas price today? Global warming? Lack of demand worldwide? Oversupply? China? Renewables? Putins failed war? because your cold weather in a small part of the US is not moving the price up...........get used to it enjoy the transition to renewables, I am. 1 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 2 hours ago, Polyphia said: It was a crime until 1982 and should have remained as such. It was criminal to make profits before 1982? What planet did you emerge from, friend? Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 (edited) 1 hour ago, notsonice said: nat gas price this morning $2.66......guess the market does not care about a few days of cold weather in a small section of the US so which one do you blame for the low nat gas price today? Global warming? Lack of demand worldwide? Oversupply? China? Renewables? Putins failed war? because your cold weather in a small part of the US is not moving the price up...........get used to it enjoy the transition to renewables, I am. The "transition" will never happen in the foreseeable future. Edited February 1, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Polyphia + 82 LT February 1, 2023 13 minutes ago, Ecocharger said: It was criminal to make profits before 1982? What planet did you emerge from, friend? Stay with me here--it was illegal for corporations to engage in buybacks before 1982. https://thehill.com/policy/3688459-major-companies-race-to-buy-back-stocks-ahead-of-new-corporate-tax/#:~:text=Buybacks were illegal until 1982,executives to pay themselves more. Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 1, 2023 (edited) 3 hours ago, Polyphia said: Stay with me here--it was illegal for corporations to engage in buybacks before 1982. https://thehill.com/policy/3688459-major-companies-race-to-buy-back-stocks-ahead-of-new-corporate-tax/#:~:text=Buybacks were illegal until 1982,executives to pay themselves more. Where was it criminal to make profits? You are dreaming in liberal technicolor. Edited February 1, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
Polyphia + 82 LT February 1, 2023 24 minutes ago, Ecocharger said: Where was it criminal to make profits? You are dreaming in liberal technicolor. I AM NOT TALKING ABOUT PROFITS--I AM REFERRING TO THE FACT THAT BUYBACKS WERE ILLEGAL UNTIL 1982. PLEASE TELL ME YOU CAN UNDERSTAND THIS. Quote Share this post Link to post Share on other sites
notsonice + 1,243 DM February 1, 2023 6 hours ago, Ecocharger said: The "transition" will never happen in the foreseeable future. look out your window and enjoy the solar panels and windmills.....being installed everywhere Nat Gas got creamed again Enjoy 1 Quote Share this post Link to post Share on other sites
notsonice + 1,243 DM February 1, 2023 On 1/31/2023 at 1:45 PM, Old-Ruffneck said: BP Taps Deep Gas Reservoirs In Azerbaijan’s Caspian Sea | OilPrice.com If you say so Jay-libtard. name calling? Love the price of nat gas right now? $2.50 Enjoy Renewables they are replacing oil coal and nat gas today Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,217 er February 1, 2023 1 hour ago, notsonice said: Enjoy Renewables they are replacing oil coal and nat gas today Not even close, coal is up in demand tonnage and oil is now daily 103mmb, not going down. Natural gas is where it should be in price range. So what is renewables replacing? 2 Quote Share this post Link to post Share on other sites
Ecocharger + 1,446 DL February 2, 2023 4 hours ago, notsonice said: look out your window and enjoy the solar panels and windmills.....being installed everywhere Nat Gas got creamed again Enjoy Demand for oil and coal and natural gas keeps going up and up. 1 Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members