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by ceejayoz 1708 days ago
"Highest in five years" didn't have quite the doomsday ring to it, eh?

There's a lot of idle capacity ready to go right now, but the energy companies are enjoying the higher prices. https://www.texasmonthly.com/news-politics/natural-gas-price...

1 comments

Five years is not the only thing -- it's also summer prices, whereas the other peaks were during very cold winters. Natural gas is very very seasonal, so winter gas and summer gas are different commodities almost.

Production is higher than ever before. Anyone can write any article that they wish. The only public data available right now from the EIA is a little lagged, but keep an eye on the September number when it is available.

https://www.eia.gov/dnav/ng/hist/n9070us2M.htm