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Tag: fossil fuels

Natural gas prices fall, but for how long?

June 9, 2022June 9, 2022 by Bill Schmick

Only recently have investors’ focus shifted from $120/BBL. (barrel of oil) to the soaring price of natural gas. Given the many uses of natural gas, from heating and cooling and generating electricity to the production of plastics and petrochemicals, the direction of prices could be critical to our economic well-being. On Wednesday, June 8, 2022, natural gas prices fell over 10% after a fire at a Texas liquified natural gas (LNG) export terminal shut down the Freeport LNG facility for at least three weeks. The terminal accounts for 16% of U.S. export capacity. Gas prices fell, because for a brief…

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