Thursday, October 7, 2021

Graphs, Charts and Other Nonsense

 

From EIA

Seems to be a lot of Natural Gas...

talk and how it might become high priced this winter and even potential shortages in other countries. 

Current supplies are within the 5 year hi/lo and only down -5.1% from 5 year average. Not seeing a great deal of worry for the U.S. unless the global market prices overly tempt our U.S. suppliers. I doubt anyone is watching those movements and it will be too late. when it crops up. I'm sure it will be blamed on the supply chain snarls, staffing shortages, government regulations, etc. 

Data from EIA

I've read where some crude might be pulled from the SPR. Not quite sure as to why, as there are easier options to alleviate any crude shortage, such as drill baby drill. I've read where simply capping exports would be another method, but not sure that is ethical, as we import largely from Canada. However, halting the pass through of Canadian Crude via Gulf Refineries could be an option, for a short while. Of course, the refineries would howl impending disaster. It's hard to see how the supply chain can be blamed or staffing shortages, but I am not being overly creative in my thinking. 

COAL...

Much has been made about Coal prices shooting up, due to China now on a buying frenzy. Lo and behold, the U.S. is being left behind due to Supply Chain Disruptions and staffing shortages. 

The Trillion Dollar Coin...

Every time there is a crisis over the impending debt ceiling, the trillion dollar coin crops up. It may or may not be legal, but based on current spending projections... might need to consider multiple coins of that value. 




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