https://www.wsj.com/video/series/news-explainers/us-gas-producers-under-pressure

https://www.wsj.com/video/series/news-explainers/us-gas-producers-under-pressure-as-russia-cuts-off-supplies-in-europe/A6F40521-E512-425E-AA0D-9563300F5306
1. Watch this video in the link above. Gas prices are going up in the US. The video discussed many demand and supply factors. In a few sentences, mention a few. Did anything strike you as unusual? .
2. Please share your thoughts in a few sentences about the post below, indicateyour agreement or disagreement with their position and why. Feel free to bring in additional references. :
What struck me as most unusual is that we are helping Europe at the expense of the US. Domestic resources were already lean. Domestic systems tapped into surplus vs drilling new due to expenses during the pandemic which helped financially in the short term, but that is backfiring due to increased demand with the Russian/Ukraine conflict.
Transporting natural gas is a complicated system. The gas is piped through a pipeline into large refrigerators to turn into a liquid (LP) for transport. With US being largest exporter of natural gas, 13 new facilities have been approved for build in the US, but many companies can’t secure financing. This brings to question our financial system. Why would these companies not be backed by the government if the intent is to push growth for long term economic stability? Long term demand is seeking 20-year supply deals as the return is long term, 7 years minimum.

How to create Testimonial Carousel using Bootstrap5

Clients' Reviews about Our Services