Matthew Smith
speaker
466 appearances
1 recordings
1 series
first heard Jul 2026
last heard 21 Jul
Matthew Smith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
In fact, EQT is shutting in natural gas right now because they think it'll be more valuable later.
The rig count, the things that we can see real time to figure out if the market is onto this tightness in 2020 and 30, it's not apparent today.
And so it's perpetuating this view that most Americans have, which is there's plenty of natural gas because for 15 years, it's all we've been talking about.
And so there's a complacency that's developed.
And we think that complacency is going to take us right up to the point where it's too late.
So we do think the die has been cast, where gas, which is currently $3.50, $3.60, going out to $26, $27.
In $28, the curve is flat.
$29, $30, the curve is flat because people believe that gas is abundant.
That's despite all these AI compute announcements, despite what all of the companies are doing for their investments.
Gas has lulled everybody to sleep.
But what happens is these structural things start to fall in place in 27, 28, and we start to draw meaningfully in the middle of 28, early 28, on the gas system like we've never drawn before.
And as we look at 28, 29, 20, 30, we start to cut into...
the US working gas storage, which is about four TCF total gas storage.
There's kind of a range of high and low for that storage seasonally as we draw in summer and winter and then build in the shorter months in the spring and fall.
When you get to the middle of 2028, we start to break very materially below
in a historical way, where gas available in storage has ever been before.
And by 2029, we drop below all known historical storage evidence.
And by 2030, we get pretty close to where we think ceteris paribus gas storage looks very, very low.
And at that point in time, because it's not happened before,
We're forced to look at where has gas price gone during shortages?
Showing 161–180 of 466 · page 9 of 24
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