RE:RE:EIA: Soaring Production Will Keep Natural Gas Prices In Chec
bossu wrote: - '''The EIA expects the Henry Hub benchmark price to average $4.90 per MMBtu this year.''
- so BIR pricing at $ 3,85 is conservative !
Remember all the predictions when natural gas was around $10 and the experts (along with most sheep) kept saying it was going to the moon. I called bull$hit, and predicted the $3.50 to $5 range. If there is a crash (recession/depression), range $2.50 to $3.50, imo?
my point, prices are controlled. They tell us a narrative to guide us for their agenda. The aggressiveness of abrupt price directions occurs way more than the past. We will see what transpires. Have my bias.