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.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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