☄ Natural Gas Futures: This Is Ground Control To Major Tom
This publication was partially created by ChatGPT AI, under request to Highlight Ten Factors That Could Drive Natural Gas Prices Below Zero in 2023.
Good or bad, y'all be the judge. But here's what ChatGPT said...
As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural gas prices drop below zero in 2023:
1. Growth in the use of alternative energy sources such as solar and wind energy.
2. Increasing US shale gas production, which will lead to an increase in global supply.
3. Reduced demand for natural gas due to switching to other types of fuel.
4. Increasing natural gas production in highly competitive countries such as Russia and Qatar.
5. The weakening of economic activity in various countries of the world, including China, the US and Europe.
6. Reducing inflation in various countries, which reduces the cost of natural gas.
7. A record increase in natural gas inventories caused by a reduction in demand and an increase in production.
8. Disputes between countries-suppliers and consumers of natural gas, which may lead to a decrease in exports and imports.
9. Increasing competition in the natural gas market from other producers such as Iran and Iraq.
10. Development of new technologies that make it possible to obtain energy from other sources without the use of natural gas.
Technical picture in Natural Gas Futures indicates the biggest YTD decline over the all history of Natural Gas Futures trading since early 1990x.
The main chart is adjusted for futures change All History Chart.
Good or bad, y'all be the judge. But here's what ChatGPT said...
As an AI, I cannot guarantee the accuracy of such statements, but based on common knowledge, the following factors may be the reasons why natural gas prices drop below zero in 2023:
1. Growth in the use of alternative energy sources such as solar and wind energy.
2. Increasing US shale gas production, which will lead to an increase in global supply.
3. Reduced demand for natural gas due to switching to other types of fuel.
4. Increasing natural gas production in highly competitive countries such as Russia and Qatar.
5. The weakening of economic activity in various countries of the world, including China, the US and Europe.
6. Reducing inflation in various countries, which reduces the cost of natural gas.
7. A record increase in natural gas inventories caused by a reduction in demand and an increase in production.
8. Disputes between countries-suppliers and consumers of natural gas, which may lead to a decrease in exports and imports.
9. Increasing competition in the natural gas market from other producers such as Iran and Iraq.
10. Development of new technologies that make it possible to obtain energy from other sources without the use of natural gas.
Technical picture in Natural Gas Futures indicates the biggest YTD decline over the all history of Natural Gas Futures trading since early 1990x.
The main chart is adjusted for futures change All History Chart.
Zlecenie aktywne:
06-04-2023
Natural Gas Futures Below 2 Dollars Again
Natural Gas Futures Below 2 Dollars Again
Zlecenie aktywne:
06-05-2023
🐱 It's raining like cats and dogs
🥵 Natural Gas Futures drop SIX MONTH IN A ROW
🐱 It's raining like cats and dogs
🥵 Natural Gas Futures drop SIX MONTH IN A ROW
Zlecenie aktywne:
June 22, 2023
Still huge resistance at 3 dollar per mmBtu. Dominance is more Down.
Still huge resistance at 3 dollar per mmBtu. Dominance is more Down.
Zlecenie aktywne:
July 04, 2023
3... 2.... 1..........
3... 2.... 1..........
Zlecenie aktywne:
🤿 July 13, 2023
Let's dive, as Jacques-Yves Cousteau said 😀
Let's dive, as Jacques-Yves Cousteau said 😀
Zlecenie aktywne:
Aug 2, 2023
Natgas back, sub 2.5
Natgas back, sub 2.5
Komentarz:
Feb 14, 2024
There are three things you can watch forever: falling natgas, falling natgas, and falling natgas 😄
There are three things you can watch forever: falling natgas, falling natgas, and falling natgas 😄
Breaking The Floor