To: TobagoJack who wrote (175849 ) 8/6/2021 9:27:03 AM From: Haim R. Branisteanu Read Replies (2) | Respond to TJ, I happen to believe about ~50% of MSM contents are garbage, but as to which 50%, harder to say, because even garbage can create reality on the ground at grassroots level, as clearly happened a lot during 2020, and even with 8 months between end-2020 and now, still difficult to tell which 50% is absolute garbage. Bloomberg LP writes, the era of cheap and abundant gas might be over as global gas demand out-stripps new capacity. Well this is an assumption which is basically wrong, IMHO as there are more than needed NG deposits to supply demand, all is needed is to develop them and are directly tied to the hot summer in the Northern Hemisphere and HVAC use. - and what if all NG fracking operation in the US and other places come back to life and there will be another glut of NG?So Bloomberg LP is speculating and not reporting facts, servicing their own clients. They base their assumption on McKinsey & Company estimate demand growth of 3.4% through 2035 driven by replacement of coal by natural gas. Well this is an assumption not a fact, which could be true or not, and since wen McKinsey & Company knows what will happen in 2035? By then no matter what the NG prices will be, their report will be forgotten. Therefore this is not a FACT, as no one knows what will happen 1 year from now.
