Probably have to wait until Thursday inventories but don't see any catalysts for a Nat Gas run except for usual manipulation.
The Guardian reported in August 2013:
“Assad refused to sign a proposed agreement with Qatar and Turkey that would run a pipeline from the latter’s North field, contiguous with Iran’s South Pars field, through Saudi Arabia, Jordan, Syria and on to Turkey, with a view to supply European markets – albeit crucially bypassing Russia. Assad’s rationale was ‘to protect the interests of [his] Russian ally, which is Europe’s top supplier of natural gas.’”
Note the purple line which traces the proposed Qatar-Turkey natural gas pipeline and note that all of the countries highlighted in red are part of a new coalition hastily put together after Turkey finally (in exchange for NATO’s acquiescence on Erdogan’s politically-motivated war with the PKK) agreed to allow the US to fly combat missions against ISIS targets from Incirlik. Now note which country along the purple line is not highlighted in red. That’s because Bashar al-Assad didn’t support the pipeline and now we’re seeing what happens when you’re a Mid-East strongman and you decide not to support something the US and Saudi Arabia want to get done
Keeps on breaking under $340 Moving average which tells me this can get clobbered soon.
Knowing Syria was a critical piece in its energy strategy, Turkey attempted to persuade Syrian President Bashar Assad to reform this Iranian pipeline and to work with the proposed Qatar-Turkey pipeline, which would ultimately satisfy Turkey and the Gulf Arab nations’ quest for dominance over gas supplies. But after Assad refused Turkey’s proposal, Turkey and its allies became the major architects of Syria’s “civil war.”
Much of the strategy currently at play was described back in a 2008 U.S. Army-funded RAND report, “Unfolding the Future of the Long War”:
“The geographic area of proven oil reserves coincides with the power base of much of the Salafi-jihadist network. This creates a linkage between oil supplies and the long war that is not easily broken or simply characterized. … For the foreseeable future, world oil production growth and total output will be dominated by Persian Gulf resources. … The region will therefore remain a strategic priority, and this priority will interact strongly with that of prosecuting the long war.”
As we get closer to exporting Natural Gasin early 2016 the U.S. will kill Russians in order to take control of the Syrian pipelines.
Who wins the usually Icahn
The lower. the prices of Nat Gas the
Gas rigs. down mostly in Texas while Utica and. Marcellus continue with record production. Recent discovery. in Utica equivalent. to 50 old rigs and is the largest shale discovery ever and is producing.
LNG would go out of business if. Nat Gas prices went high, They make money when prices are low on the spread.
Short hedge on natural gas and Icahn going to sell off Urixa assets for even cheaper Nat gas. Loving Carl.
Buy ugaz now sell dgaz!!!!!!!!!!
Commodity traders always do this at 1030am inventory they will say buildup lower then expected bla bla bla and this will be an excuse to send nat gas price back to $2.70 btu
Buy ugaz now! !!!!!!!!!!!!!!!!!!!!!! Before 1030am
needs it much lower