RE:RE:What a messHere's a little more "crazy" just to emphasize the point , now keep in mind European Nat Gas prices are 10X that in north america . Russia cuts all Nordstream gas flow indefinitely which caused the price in Europe to drop ? hmmmm .
NYMEX nat gas price gets sold off and why ? Because Europe sold off , lol .
Europe is effectively cut off (except for LNG sources) and their inventory alone won't be sufficient to cover winter demand on its own . And all this is a backdrop to western rhetoric on Russian O&G price caps which should prompt Putin to turn off everything . Ursala Van der whatever (EU) slams Russia over the war but continues to fill Putin's coffers with billions for the O&G Europe keeps buying .
It all makes you wonder what it will take to snap this zombie market out of its trance or if it will continue walking into the freezer trap . Winter will put everything in much better perspective .