By A Texas Reader
Wed, Jun 8, 2022 2:50 p.m.
US NatGas Plunges on Reports of Explosion at Texas LNG Export Terminal
https://www.zerohedge.com/commodities/small-explosion-texas-lng-export-terminal-sends-us-natgas-crashing
I was wrong.
Now the Deep State is targeting fuel depots, and not just food processing plants.
https://www.click2houston.com/news/local/2022/06/08/reports-of-explosion-at-lng-oil-and-gas-company-near-surfside-beach-police-say/
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3 comments:
Can't be plunging,guys--they'll pump that stuff up so that monthly gas bills are $300;a month on budget.
--GRA
I see what the deal is...lower here(for three weeks),but higher in Europe.It HAD to be higher SOMEWHERE.According to ZH,we're shipping a lot of our natgas overseas.
Let's look at a possible average person's expenditures for next winter,as circumstances are pointing to now.
Gas fill-up $75-100 per visit.
Nat gas budget:$200 to 300 a month.
Groceries:One person,$100 a week.
Utilities(water,electric)combined $120 a month--minimum.
Cable/ internet--outrageous at $140`a month(Comcast).
Throw in insurance,taxes and Biden is killing us.
--GRA
Now the Deep State is targeting fuel depots, and not just food processing plants.
Did you actually read the story?
Freeport receives about 2 billion cubic feet of gas per day or roughly 16% of the total US LNG export capacity. This means LNG exports will shrink and result in more supply on the grid, pushing down natural gas prices.
It says this explosion will mean cheaper natgas prices for US consumers, since less gas can be exported (for a few weeks anyway) -- normally it's thought the 'targeting', e.g. of food processing facilities, is to (further) harm US consumers, right? -- not here though.
Not too long ago, the narrative would have been minority incompetence, since LNG, if allowed to leak and mix with oxygen, is obviously extremely explosive -- now the narrative is deep state skulduggery.
For the record, I don't know what happened at the LNG terminal, nor why, except that it appears there was an explosion.
People also usually make a big deal of Biden stopping the Keystone pipeline -- yet that pipeline was primarily meant to bring Canadian shale production to the gulf coast so it could be exported, not consumed by the US -- the US doesn't need Canadian oil; it is still today the world's largest producer of crude oil (link), a spot it has held since around 2017, when high oil prices and massive investment in shale fracking pushed it back to the top (this trend started way back under Obama, and had absolutely nothing to do with Trump).
This kind of thing is why people label conservatives conservatards.
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