Submitted by [deleted] t3_11az7b9 in wallstreetbets
NRA-4-EVER t1_j9vsg8w wrote
Reply to comment by Okra_Smart in Close to Impossible for rise in Natural Gas prices to end by [deleted]
Ok, I searched the internet and couldn't find a single source claiming that natural gas consumption doesn't go down going into summer (drop off starting in March). It goes up with high temperatures in the summer (never reaching the winter highs). So if it always goes down considerably next month, why would we expect the price to go up right now?
Nukeboml3 t1_j9wgy72 wrote
It’s going up in summer not because of temperatures but because countries are buying it for next winter . They need to fill up what was burned during winter/spring/summer . Then they get there delivery of LNG right before winter .
The price isn’t driven by charts but by politics and seasons.
[deleted] OP t1_j9w9442 wrote
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