XPost: alt.survival, alt.politics.trump, alt.fan.rush-limbaugh
XPost: talk.politics.misc

Keep this in mind when you get hit with your next gas bill. -- Hisler

(Bloomberg) -- Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.

Gas in an area of the vast Permian known as Waha traded for as little as
20 cents to 70 cents per million British thermal units on Monday,
traders said. That compares with the US benchmark futures contract
that’s trading around $5.20 and European prices close to $28.

If West Texas prices tumble into negative territory, energy producers
will effectively be paying someone to take gas off their hands --
something that hasn’t happened in two years.

The price collapse illustrates the sharp contrast between bountiful US
supplies of the fuel and Europe’s worsening energy crisis as winter approaches. Tight gas markets in Europe and Asia threaten to have
knock-on effects for diesel, coal and power as governments and utilities scramble for energy, according to Bloomberg Intelligence.

The Texas price plunge stems from maintenance scheduled for Kinder
Morgan Inc.’s Gulf Coast Express and El Paso Natural Gas pipeline systems.

Insufficient pipeline capacity has actually been a long-term problem
that has dogged Permian Basin gas producers for years. The choke points
worsen when pipeline operators must perform repairs and preventative maintenance work that forces temporary reductions in pressure or halts
to shipping.

Permian pipeline constraints “have never been relieved,” making the
region more susceptible to sudden gluts and price volatility, said
Campbell Faulkner, chief data analyst at OTC Global Holdings LP.

https://finance.yahoo.com/news/texas-natural-gas-drops-toward-162250182.html
--
"Build Back Better means Destroy More Quickly."

"Title 8, U.S.C. § 1324(a) defines several distinct offenses related to aliens. Subsection 1324(a)(1)(i)-(v) prohibits alien smuggling, domestic transportation of unauthorized aliens, concealing or harboring
unauthorized aliens, encouraging or inducing unauthorized aliens to
enter the United States, and engaging in a conspiracy or aiding and
abetting any of the preceding acts. Subsection 1324(a)(2) prohibits
bringing or attempting to bring unauthorized aliens to the United States
in any manner whatsoever, even at a designated port of entry. Subsection 1324(a)(3)."

"We have put together, I think, the most extensive and inclusive voter
fraud organization in the history of American politics." -Joe Biden

"C'mon man! If you didn't vote for me , you ain't black ." Joe Biden -

"Poor children can be just as smart as White children." -- Joe Biden

“The war is not meant to be won, it is meant to be continuous.
Hierarchical society is only possible on the basis of poverty and
ignorance.” - George Orwell

https://www.globalgulag.us

--- SoupGate-Win32 v1.05
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