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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Tweets Boar Hog who wrote (83284)12/28/2023 5:30:56 AM
From: Lee Lichterman III10 Recommendations

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NG is a byproduct of fracking/shale oil production unlike the "old school" drilling of oil. There used to be oil wells and separate gas wells but now NG is abundant while it still takes a lot of work to get oil.
NG storage levels have been running above normal for years now. A large build out of LNG terminals and tankers have made shipping it globally easier. Other countries like Qatar are also shipping LNG and still adding capacity.
This all is disruptive to the old BTU equivalent ratios we used to use for valuations. In the context of power generation, we used to look at just the BTU equivalent of coal, NG, oil but now we have to add the ESG killing of coal, add in wind, solar, nuke rebirth and new abundance of NG.
Oil will still be in demand for a while as EV adoption continues to hit snags. Nobody wants used EVs. Buying a vehicle that might need a $20k battery pack replaced soon isn't as sexy as a ICE vehicle. Global infrastructure also isn't built out enough. Heck in my town, there's only one charging station.
I can see NG being cheap while oil climbs. It just depends on the pipelines. There's still a lot of stranded NG that is waiting on red tape. Crawling back into my hole.
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