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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

#101

Post by seiferteric »

throwaway932489 wrote: post #68
ThalesX wrote: 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…

I always thought that the shortest day shouldn't be the first day of winter, but rather the middle, so then winter would begin in late October, and summer would begin in late April.

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

#103

Post by thrown_22 »

ThalesX wrote: post #37
veqq wrote: 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…

> 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.

Remember the people who told us two week to curb the spread?

They have a new catch phrase.

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

#104

Post by stjohnswarts »

cf141q5325 wrote: post #88
sveme wrote: post #29

Earlier quoted context omitted.

The German storage facilities hold gas for two months of typical January consumption rates.

Ownership of that gas is however unclear https://www.focus.de/politik/deutschland/trotz-voller-speich...

in a national emergency situation can't the government just take it and pay fair market value despite who owns it?

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

#105

Post by soperj »

KevinGlass wrote: post #77
throwaway932489 wrote: post #68

Earlier quoted context omitted.

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.

In Alberta November is Firmly in Winter, same with February (normally the coldest month of the year). Most years October & April also fall into it. Only month I haven't seen snow is July.

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

#106

Post by Aloha »

scruple wrote: post #81
themitigating wrote: post #70

Earlier quoted context omitted.

It's currently 71f 22c at 19:00 where I live in NY. Historical average for the day is 56f 13c and the high is 74f so only a few degrees off

In SoCal we're having an unusually cool fall so far. Today's high was 68f, it's currently 64f at 5:30PM. I don't think I remember temperatures this low happening in early/mid November in the 15 years that I've lived here.

Sounds like an El Niño or La Niña year.

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

#107

Post by wumpus »

II2II wrote: post #87
colechristensen wrote: post #84

Earlier quoted context omitted.

The part of the year where it is cold does not start on the shortest day of the year. There is the part of the year that is cold and there’s the part of the year between the shortest day of the year and the equinox, both are winter. Winter doesn’t mean a lot in mild places where you can wear a tshirt out most days of the year. Where it snows, winter is more or less the time of the year where it snows. People need to…

In a sense, the astronomical definition of winter has a lot more meaning in a connected world. I grew up in a part of Canada where the (colloquial) winter started at the end of October and ended at the end of March. I now live in a part of the country where it starts in late December and runs until the end of April. If you're trying to convey time by saying that something happened last winter, different people are go…

Don't blame astronomers! We think it's cold when it's actually cold, not only after the solstice.

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

#108

Post by teslabox »

seiferteric wrote: post #101
throwaway932489 wrote: post #68

Earlier quoted context omitted.

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…

I always thought that the shortest day shouldn't be the first day of winter, but rather the middle, so then winter would begin in late October, and summer would begin in late April.

The oceans are Earth’s heat buffers. Summers are when the ocean stores heat, winters are when it releases heat.

There is more land in the northern hemisphere, more ocean in the Southern Hemisphere. Summers get hotter in the north, winters get colder. This is because land does not store/release nearly as much heat as ocean.

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

#109

Post by wumpus »

stjohnswarts wrote: post #104
cf141q5325 wrote: post #88

Earlier quoted context omitted.

Ownership of that gas is however unclear https://www.focus.de/politik/deutschland/trotz-voller-speich...

in a national emergency situation can't the government just take it and pay fair market value despite who owns it?

The German government has already taken action several times during this crisis.

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

#110

Post by wumpus »

HWR_14 wrote: post #96
crmd wrote: post #7

Can someone explain why the rumor of cracked pipes and delayed restart of a terminal would cause the futures price to go down? I would think that news of a supply constraint would cause the price to go up. TIA

Gas storage is fairly limited and near capacity. Production of Gas is incidental to oil drilling, so "keeping it in the ground" would require keeping the more valuable oil in the ground and is unlikely to happen. One sink for it (this terminal) is reduced. Since there is now less demand but a constant supply, prices should go down.

> Production of Gas is incidental to oil drilling

For some wells, yes. For others, no.

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