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LNG in Louisiana gonna make $
Posted on 3/19/26 at 5:33 pm
Posted on 3/19/26 at 5:33 pm
With this war
1
Posted on 3/19/26 at 7:00 pm to nicholastiger
Can’t wait for those electric bills this winter
Posted on 3/19/26 at 7:38 pm to rwestmore7
quote:
Can’t wait for those electric bills this winter
This winter?
The price of oil will be down and up and down a few times by then. Yes, the future is uncertain but the 10 month window looks pretty positive from here.
Posted on 3/19/26 at 7:40 pm to Jimbeaux
I want some of whatever you’re having
Posted on 3/19/26 at 7:55 pm to rwestmore7
quote:
I want some of whatever you’re having
It’s a cup of reality. Please drink up.
Do you remember when the price of oil was $114/barrel in 2022 under Joe Biden?
Today, the price is $95/barrel.
3 weeks ago, it was $65/barrel.
Hmm, I wonder what caused the spike? Is there no way to predict if it will go up or down over the next 10 months?
Posted on 3/19/26 at 8:39 pm to Jimbeaux
Rent free as always
Posted on 3/19/26 at 8:42 pm to Jimbeaux
Crude oil futures for delivery in six months are currently trading about 28% below today’s spot price, with potential for further downside. At this point, the market is not signaling expectations of higher prices. At least over the longer term.
Posted on 3/20/26 at 1:20 pm to Jimbeaux
You’re arguing oil prices when electricity is driven by natural gas. LNG is now a global market, not a local one. Qatar just lost a chunk of supply (+17% of exports from Iran attack) and Europe/Asia are bidding for LNG, U.S. prices go up because we export a ton from Louisiana. We continue to allow companies to export more and more. Do you think they are going to charge less to consumers here if they can sell globally for much higher? That flows straight into power generation costs which causes higher electric bills. Oil going up or down doesn’t change that.
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