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by ignasl
1684 days ago
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No, you are wrong. >the fact that not so long ago they were over 3 times higher They never were. You can check futures price data here: https://www.investing.com/commodities/natural-gas
On top of that you're probably talking about those spikes in 2005 and 2008, but they were short lived and spikes are natural for gas markets because of various circumstances (seasonality, pipeline situation, weather, how full are the reserves etc). >not so long ago
It was 13 years ago! And now it's the highest price since. The reason for such a ridiculously low prices for so long was shale gas extraction. Now US is losing this and more. Because natural gas prices are so sensitive (and react quickly!) to various things - you better hope for warm winter with decisions like these... Also comparing prices in US and in other countries is intellectually dishonest or you simply don't know how natural gas market works. |
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