Former German Chancellor Merkel hurt the country bigtime. She was viewed as the leader of the Free World years ago since former US President Obama was busy bowing to everyone. Merkel speaks Russian and always felt a mutual kinship with Putin although the dirtbag KGB (now FSB) agent was always playing Angela as a naïve fool.
Germany became highly dependent on Russia for energy because Merkel trusted Putin and never expected a heinous war that is occurring now. Putin was always working towards that goal, smiling at Merkel and talking friendly while he stuck a dagger in Germany's back. Putin played Merkel like a Stradivarius. Russia is flaring-off (burning) $10 million of natural gas per day choosing to waste gas rather than sell it to Europe because of Putin's war against Ukraine.
Stupid Merkel decommissions Germany's nuclear plants due to the misguided *sshole climate change agenda. This critical mistake set up the current energy emergency in Europe that will not resolve for a few years.
Europe generally does not consider natural gas a fuel that is a problem for climate change (and they are correct) while the jackasses in the United States consider natty a dirty fuel. Idiots. Natural gas is the future's solution to the energy crisis. When you sit in a cozy warm living room, squeezing your honey on a cold wintry night, enjoying the natty gas-fueled fireplace, do you realize it is non-vented? Natty burns so pure that you do not even have to vent it to the outside. Why are you stupid calling natty gas a dirty fuel?
The push for everyone to drive a glorified golf cart (EV's) is ridiculous. Humans are not very smart these days but sure do brag that they are. The mining required to produce the elements for the batteries is very damaging to the planet. Comically, coal and natty gas are producing the electricity that the glorified golf carts rely and run on. That's funny.
Natural gas is the remedy for climate change and your current gas-powered automobile can be retrofitted for natty in one day's time. The US infrastructure (pipelines) could be built to supply natty at the gas stations; think about all the jobs that would be provided. Of course natty gas is a dangerous fuel but so is gasoline and folks have become relaxed about pumping their own gas fully knowing that if they were smoking a cigarette they would blow themselves and others sky-high. There would be a learning curve with fueling cars with natty but that can be handled over time just like gasoline.
President's Obama, Trump and Biden are three stupido's since any one of them could have claimed the title of 'Father of Natural Gas' but all three bozo's are clueless and corrupt placing their political tribes, narratives and agendas ahead of what is good for the USA as a whole. It is Our Destiny. The end of the rigged crony capitalism system. Be glad. Perhaps the lightbulb will eventually go off and folks will realize that natty is the solution to the world's energy needs.
One of the headaches in Europe is that natural gas infrastructure cannot be built overnight. Keystone is an expert in LNG, one of his many hats, and natural gas facilities take a long time to design and build due to government regulations and long-lead times for equipment . Specialized LNG unloading arms for docks that can handle the freezing cold liquid from ships and specialized compressors to handle boil-off gas from the storage tanks cannot be produced overnight; they need at least one year or more of lead time to manufacture, test and deliver to the work site.
In addition, LNG storage tanks require special design and metals beefed up with nickel to withstand the cold LNG temperatures. The government regulations can be handled easy enough and lessened due to the emergency but there is not much time that can be reduced in building natty infrastructure. Europe, and the US for that matter, face a few years of colder winters inside their homes; it will be like the Jimmy Carter days. Cardigan sweaters will be back in vogue as thermostats are kept low.
The Ukraine War drives natty gas prices higher and then Biden's misguided climate change agenda sends the prices to the 14-year high. Most young people are clueless about the energy story since they were brainwashed in school about climate change by the democrat agenda (the corrupt teacher's unions in the US are loyal to the democrat party so they feed their climate change narrative into children's minds that then become adults, like you). Climate change is a mechanism the world's elite are using to promote wealth distribution across the planet; they do not give a rat's *ss about the climate. They only care about their money, power, control and greed. It is great to be king.
On the positive side, a lot of the bad news is already priced-in to natural gas. The weekly chart indicators are negatively diverging against the rising price so natty is topping out on the weekly basis and is setting up for a multi-week pullback. This would be expected anyways since the summer cooling season is coming to an end but furnaces are not turned on as yet.
The long-term monthly chart agrees with the pullback but the MACD line is long and strong so natty will come back up for a higher high in price on the monthly basis after the multi-week pullback occurs. Natty will likely drop from now into September but late September will likely rally again and print new highs perhaps in October. Natural gas will likely top-out on a long-term basis this year as 2022 draws to an end. Most traders and investors do not expect this outcome and instead expect natural gas to go to the moon in the coming months and years. Keystone does not have any positions in natty gas or its derivatives right now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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