Natural-Gas Shortage Sets Off Scramble Ahead of Winter

[mahatmakanejeeves]

Source: The Wall Street Journal.

Natural-Gas Shortage Sets Off Scramble Ahead of Winter

Tankers are being diverted and manufacturers are slowing production as countries and businesses battle to secure supply

By Joe Wallace, Collin Eaton and Benoit Faucon
[e-mail]
https://twitter.com/CollinEatonHC
https://twitter.com/benoitfaucon
[e-mail]
Oct. 7, 2021 3:45 pm ET

Myrina, a tanker chartered by Royal Dutch Shell PLC, set sail to Asia from the west coast of France last month carrying liquefied natural gas. When it was about to enter the Strait of Gibraltar, the captain received a call, according to people familiar with the matter.

“We have to go to Rotterdam now,” his boss in London told him, according to one of the people. The ship made a U-turn and backtracked up the coast of Spain and France to drop off part of its cargo at the Dutch port. On Thursday, it arrived in Bilbao, Spain, to deliver the rest of its load.

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Read more: https://www.wsj.com/articles/natural-gas-shortage-sets-off-scramble-ahead-of-winter-11633635902

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But, Rupert Murdoch owns The Wall Street Journal., so not a word of this is true. In that case, here are some other untrue things.

Who had "coal shortage" on his 2021 bingo card?

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Inflation Worries Hit U.K. Markets as Energy Prices Soar

The U.K. is a more severe case of the same trends driving inflation higher in the U.S. and around the world

https://www.wsj.com/articles/inflation-worries-hit-u-k-markets-as-energy-prices-soar-11633600545

By Anna Hirtenstein
https://twitter.com/ahirtens
[e-mail]
Oct. 7, 2021 5:55 am ET

Surging energy costs have spread fear among investors in recent weeks that inflation isn’t going away. One place where the strains are being felt most acutely is the U.K., where bond markets have exhibited some wild moves.

The most dramatic swings took place with government bonds whose coupons are linked to inflation. Those bonds, and derivatives known as swaps, are seen as a measure of where investors believe inflation is headed. Yields on them surged to their highest levels in over a decade.

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Coal Shortages Push Up Prices, Weigh on Economies

Ahead of Glasgow climate summit, resurgent economies, Chinese demand highlight challenges to weaning the world off a polluting fossil fuel

https://www.wsj.com/articles/coal-shortages-push-up-prices-weigh-on-economies-11633525885

By Chuin-Wei Yap, Kejal Vyas and Chieko Tsuneoka
https://twitter.com/YapCW
https://twitter.com/kejalvyas
[e-mail]
[e-mail]
Updated Oct. 6, 2021 12:21 pm ET

HONG KONG—Coal supply shortages are pushing prices for the fuel to record highs and laying bare the challenges to weaning the global economy off one of its most important—and polluting—energy sources.

The crunch has many causes—from the post-pandemic boom to supply-chain strains and ambitious targets for reducing carbon emissions. And it is expected to last at least through the winter, raising fears in many countries of fuel shortfalls in the months ahead.

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[doc03]

1. The Trumpers are saying gasoline is going to $5 a gallon,

I have heard that every year there has been a Democrat in
in the WH. How can there be a natural gas shortage there have been over 500 wells drilled in my county in Ohio in the last ten years.

[mahatmakanejeeves]

2. How much are they producing? Is the output measured in so many thousand cubic feet per day?

Are these big wells, medium-size wells, etc.?

If the price goes up, that's what it will take to bring them back on line.

I don't follow natural gas, as you might have surmised.

Thanks for writing.

[doc03]

3. I haven't checked lately but there is a monthly magazine

published by the gas drillers. The last I read they are producing a lot of gas. Ohio, WV and PA are the second largest gas produceing area in the world last I read.

[mahatmakanejeeves]

4. I had no idea. I would have thought it was West Texas or something.

Ohio, WV and PA are the second largest gas producer in the world last I read.

[doc03]

5. I don't remember butTexas may number one. I have two

40" high pressure pipelines about 300 yards from my house. Lots of new millionaires here I am not one of them though with an acre of ground I got paid $12000 for my drilling rights.

[BadgerKid]

7. Here it hit $4 under Dubya

It around $3.45 now. I wonder if the state gas tax is the same.

[yaesu]

6. I'm seeing food shortages here, was only able to complete half my grocery list, looks like

I will be visiting a lot of fast food drive throughs.

[DownriverDem]

8. We use natural gas.

A lot of folks do in cold states. If we knew about a shortage, we'd invest in wood heat.

[Farmer-Rick]

9. Well, Natural Gas always goes way up in October

Wait a month, it will drop significantly...at least in TN this is the common pattern.

https://ycharts.com/indicators/tnnatural_gas_residential_price