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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: sense who wrote (156165)4/8/2020 8:58:12 AM
From: Horgad3 Recommendations

Recommended By
Dr. Voodoo
ggersh
sense

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A bunch of natural gas on the market is a byproduct of oil drilling. So less drilling means a drop in supply. On the demand side, I dont think it is nearly as impacted by covid-19 as oil. Plus seasonality is in play. A/C demand equates to NG demand because of NG power plants. Industrial/Commercial demand has certainly dropped. No need to cool a bunch of empty office and retail space down to 70, but will need to keep them at 80 or so to prevent mold. Residential demand should be strong...staying at home 24/7 and people will keep their houses cool 24/7.
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