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An unconfirmed tweet about Freeport LNG is upending gas markets

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Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#71
post #61
post #55

Earlier quoted context omitted.

What risk? The US says jump and European politicians ask how high...

>The US says jump and European politicians ask how high... I mean, if that were true Julian Assange would be in a bodybag right now, wouldn't he?

Good point! Where is he these days and how is his life going?

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#72
post #71
post #61

Earlier quoted context omitted.

>The US says jump and European politicians ask how high... I mean, if that were true Julian Assange would be in a bodybag right now, wouldn't he?

Good point! Where is he these days and how is his life going?

Better than it would be if the US had its way.

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#73
post #61
post #55

Earlier quoted context omitted.

What risk? The US says jump and European politicians ask how high...

>The US says jump and European politicians ask how high... I mean, if that were true Julian Assange would be in a bodybag right now, wouldn't he?

The UK refused to allow Assange to be extradited to the US because the US still practices the death penalty. That's one of the few areas that the UK and the US disagree publicly on.

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#74
post #37

Earlier quoted context omitted.

> this Winter is warm with minimal gas burned so far I feel like I'm going crazy as this is not the first time I've seen / heard this argument. What does winter mean? I thought it was the months from December to February. I don't understand the narrative that we're in a warm winter at all . Winter, just like Game of Thrones, is coming.

Wikipedia has an interesting note "Cultural influences such as Christmas creep may have led to the winter season being perceived as beginning earlier in recent years" I think I've always considered November to be winter, and at some point I picked up that Christmas is in the middle/even towards the end to break it up and give everyone something to look forward to, so I'm always a bit surprised seeing talk of winter i…

In many parts of Northern Europe, at least, February is often the absolute coldest month (most likely for snowfall in UK, for example). So for heating worries, we’re definitely not out of the woods come February.

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#75
post #64

Earlier quoted context omitted.

People are just throwing fall and winter together, but it has been an incredibly mild fall so far and that’s definitely been suppressing gas prices. We’re pretty much mid November and I haven’t even turned on my heating, it’s crazy.

Just a couple of months ago (2?) there was an article on Hacker News about the arctic vortex falling apart making for an unusually hot autumn and a very bad winter. I don’t know how it’s going to pan out but where I am from, yesterday was basically late spring and today is very cold.

Could it have been this? https://news.ycombinator.com/item?id=32985927

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#76
post #21
post #3

Commodity traders and investors are very networked and really like such immediate usage news. Many firms also count trucks/traffic near sites etc. so it isn't surprising to see people respond to this. However, the causation is unclear to me. European gas stocks are at full capacity as is and this Winter is warm with minimal gas burned so far. A 7% drop is par for course in the last few weeks. An extra piece of bad ne…

From what I have heard the fact that European gas storage is full is nice but not really all that meaningful. The gas storage is only large enough to last a week or something in that magnitude.

Perhaps you're thinking of the UK? The UK only has the gas storage capacity for nine days of gas.

Some other European countries have enough gas storage for months - the Netherlands has 123 days of gas stored [1]

[1] https://www.energylivenews.com/2022/10/31/uk-has-nine-days-o...

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#77
post #37

Earlier quoted context omitted.

> this Winter is warm with minimal gas burned so far I feel like I'm going crazy as this is not the first time I've seen / heard this argument. What does winter mean? I thought it was the months from December to February. I don't understand the narrative that we're in a warm winter at all . Winter, just like Game of Thrones, is coming.

Wikipedia has an interesting note "Cultural influences such as Christmas creep may have led to the winter season being perceived as beginning earlier in recent years" I think I've always considered November to be winter, and at some point I picked up that Christmas is in the middle/even towards the end to break it up and give everyone something to look forward to, so I'm always a bit surprised seeing talk of winter i…

Here in New England, USA November is firmly in Fall/Autumn And Feburary is firmly Winter. March is also Winter until the last week.

Re: An unconfirmed tweet about Freeport LNG is upending gas markets

#79
post #78

Somewhat similar when a historical tweet from Israel Defense Force account moved oil price, as it was mistaken for an real-time even news. https://www.timesofisrael.com/historical-idf-tweet-sends-oil...

That article seems kind of suspect. They say themselves that the price stayed high after it became clear it was an error, and it was just a ~1% increase. Seems like they are just attaching causality to this for no justified reason
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