Gas Prices in Europe Equivalent of $230/barrel

[Neodymium60]

https://oilprice.com/Energy/Gas-Prices/Gas-Prices-In-Europe-Are-Now-The-Equivalent-Of-205-Oil.html

Not one EU politician has said “let’s fast track Nord Stream 2”.

Right here gas futures (oil) are $6 by Thanksgiving and $10 next summer.

[Brix]

Right now, gasoline futures for Nov are 2.35. Futures prices are always much lower than prices at the pump. They were 1.40 at the end of last year.

The biggest increase has been in natural gas.

[rjnwmill]

Over the last six months the guys in the trading departments at major energy consumers look like the smartest guys in the room if they’re long. The obvious expectation is that they’ll overshoot the runway.

Any thoughts on where that point is?

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[Neodymium60]

Big problem requires big money requires big government programs for relief.

What’s not to like for the DC crowd.  There is an election around the corner.

[rjnwmill]

Neo, IEA has recently cooked your suspicions into their forecast for energy market supplies through 2022.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[Neodymium60]

Big bets by US option traders hitting $100 for Dec.   $200 for Europe traders.

https://www.wsj.com/articles/crazy-bets-on-200-oil-invade-the-options-market-11634463002?mod=hp_lead_pos1

[Author]

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