Here’s Why Natural Gas Is on the Verge of Breaking Above $3
USD 3? Just imagine what’s going to happen if Biden is president and starts to curb fracking. More renewables will mean lots of blackouts for parts of the country as the grids cannot bear the renewable flicker onslaught anymore. This means more gas for counterbalancing but less gas means that prices go up more. Imagine prices go up to USD 10. That would put shale on steroids and companies will fight the administration tooth and claw. Well, LNG exports become uneconomical in an instant so there is this gas that remains in North America. It’s complicated but one thing is safe to say – gas is like the Hydra. Cut one head off and two more regrow.