Presently, NG futures seem to have some sort of embedded psychological support that appears to extend beyond the factoring in of the demands for cooling/heating via weather patterns/usage. And this seems to be a bit atypical for this time of year, per the recent NG pricing cycles, being as the upside seems to be holding (if one considers a base above $3 as an upside after an earlier drop down from $4 +).
Maybe the Wall Street banks are basing the market with support per the flashy pricing numbers from earlier this year, being as the storage isn't that atypical.
Or maybe there's some other factor, e.g., the rapid production drop from drilled shale wells and their tendency to flat-line downward . . . skewing the charts . . . that some insider number crunchers are aware of and which is helping support NG prices.
Could be the next six months will help explain the particulars . . . if some sharp insider analyst on GHS isn't able to tip us to an unknown puzzle piece.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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