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re: Biden Freezes New Gulf Coast Natural Gas Terminals, Says it will Lower Prices for US
Posted on 2/1/24 at 12:17 pm to John Coctostan
Posted on 2/1/24 at 12:17 pm to John Coctostan
quote:It's possible to imagine that scenario, but the level of undrilled gas is truly epic (I would say as opposed to oil). And in times like these ("low prices") the tech always seems to grind better and better. I'm routinely agape at what's possible now that wasn't just 3-4 years ago. Long story short, I don't really expect gas production to be materially shut in.
Maybe in the near term. But this will have the opposite effect over time as many of the gas wells are planned in anticipation of the new LNG terminals. Take those out of the equation and production will drop off due to lack of investment in new production.
In any event, this "freeze" is pretty far in the future. If Trump wins (or even if Biden stays) this could all be quickly reversed.
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