RE:RE:RE:RE:RE:RE:RE:RE:There is always 2 sides.Hi AB.
Thanks for the input.
I am thinking that there is a better floor underneath natural gas vs oil if things slow down.
The US is sellling thier oil reserves at at fast enough rate to keep a lid on oil prices for now. IMO.
I think what they have now in storage can support 30 days internal usage. Natural gas currently in storage will support about 20 days. The US still has the option of shutting off oil and narural gas exports if things if they have reverse policy for some reason.
If oil goes much higher people will cut back usage recession or not. Natural gas spending is less disretionary IMO. If it comes down to driving a car, flying etc and staying warm with the lights on I think people will choose the later.
EV's are still a good option if you want to save on transport costs (if you have an extra few thousand to spend on a new EV vs new ICE). However I believe that only so many people be able to switch before that is no longer an option. Some EV's can charge quickly (hour or so) at home at 80 amps draw rate.
That is like plugging in 80 large refrigerators or something like that. I hink we will be hearing from the electrical utilities if more than 10 or 20% of people go electric - neighbourhood/house wiring will not support large scale EV usage without extensive upgrades.
BTW Have you looked at the yoy rise in natgas vs oil? I think it is something like 150% for gas and 70% for oil.
Regarding empires, conspiracies and wars ... thier is only so much that is humanly possible when faced with so much corruption and deception ...I am try to do my thing without partaking of the lies ...the rest I try to leave to Providence ... Also there is only so much TPTB can do also ... and they still need a very large cheerleading contigent to call on asneeded when the going gets tough for them - which tells you all you need to know.