Ryan Dezember
speaker
644 appearances
11 recordings
1 series
first heard May 2018
last heard Jun 2024
Ryan Dezember’s voice in public audio — every appearance, attributed to the second.
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Appearances
And then winter never really came.
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It was a very mild weather.
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Meanwhile, gas production, particularly in the U.S., chugged along, hitting new records throughout the year.
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And we ended up with a glut to start this winter.
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And despite the last week where we had the first measurable snowfall in New York in a couple of years and the plains were just iced over, we really haven't used that much natural gas.
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So we're still at a significant surplus looking at the end of winter.
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So the prices come tumbling down.
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Winter is usually when natural gas prices are at their highest because in addition to using gas for electricity and all the industrial uses to make cement and glass and plastic and all these things that we live with, you also have heat demand, particularly in the north where a lot of the coldest parts of the country, most of the homes are heated with natural gas.
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one way or the other.
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So we expect prices to be higher this time of year than they are the rest of the year.
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But what's happened is because of that surplus, the prices just come tumbling down more than 20% cheaper than a year ago.
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And really, we're at a price about just over $2 per million British thermal units.
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That's sort of what the price hit last April when they came tumbling down from last year's non-existent winter.
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We're getting a spring-type price in the dead of winter, which is very unusual.
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Correct.
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And in a commodity, the traders and the producers of the world, they measure it in millions of British thermal units.
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Yeah, the modern world runs on natural gas.
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It's not just heating, it's not just electricity, but it's also fertilizer is made with huge amounts of natural gas, cement, plastics, cardboard.
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Just about anything you touch either required natural gas for the energy to produce it or as a feedstock in a chemical sense to make it.
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So March is sort of like when the heating season starts to wind down.
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Showing 61–80 of 644 · page 4 of 33
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