RE:BUYING LARGE Yes, there is a huge disconnect between the physical and financial markets. Here in North America, after harassing the industry and restricting production and infrastructure which the Democrats and Liberals thought it was harmless to the economy, energy prices have spiked and so is inflation. Oops! Biden is now releasing a massive amount of oil from strategic reserves so that more Comrades will get elected in this November election. But what will happen after the election when reserves are half empty?
Here in Canada we had the German chancellor recently visiting the country, probably begging for natural gas. Instead, the climate change warrior PM has offered hydrogen by 2050, lol. What and embarrassment!
I remember reading about that Goldboro LNG project about 5-7 years ago when promoters claimed that they secured loan guarantee from German federal government. The chancellor probably wanted to know what is going on, why is it taking so long! East coast is so close to Europe. Was he told that fracking is banned in Quebec and I believe the liberals in New Brunswick did the same.
Germany is looking for natural gas to protect its citizens and the economy such as its massive steel and chemicals industry (BASF may close an entire city) and instead it was promised BS hydrogen, lol. What a waste of time coming to Canada.