Natural Gas prices hit 8.777 today (6/21/20 it was 1.495)

I am sure they are more worried about the massive increase in labor costs and the inability to keep employees.

And Tellurian still won’t take off. FML

The last spike in natural gas I remember several years ago put a lot of nurseries and chicken farms out of business.

Stock up on your plants and chicken wings.

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had shares of BOIL at $20 and sold at $40. Thought that was a real nice return. It’s at $125 now, 2 months later. frickckkckck

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is BOIL predictable again?

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I am sure they are more worried about the massive increase in labor costs and the inability to keep employees.

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Well I’m not sure if restaurants will be attractive workplace for them, but the group that accounts for the lack of labor, are the boomers who retired early. The prime-age population workforce is not only back to pre-pandemic numbers (as a ratio of workers to population, not just raw numbers), but a bit above it. And it took almost a decade to get to those levels after the Great Recession.

Immigration really slowed too, and I think there is a back log, so that could take a while. But those are largely skilled workers, who probably aren’t going to be working at restaurants either.

So I think restaurants are either going to have to adapt (e.g., find and use new technology) to make up for the lack of workers which seems like an issue that will persist, or they just won’t make it.