All Is Proceeding According To Plan: U.S. Natural Gas Futures Break Through $9.00

Not my plan.

You knew this was coming though, and here we are.

Most active (July) futures up 0.382 (4.32%) to $9.218, off the day's high of $9.283.

From the CME via TradingView:

Recently:

May 5  "$10 Handle in Sight For Natural Gas Futures, ‘Barring Massive Supply Gains’" 

May 4  "US natural gas prices surge above $8/MMBtu in 'irrational' market"

April 28 "U.S. Natural Gas Exports Are Growing 3x Faster Than Production"

April 24 "Beyond macro: Firm-level effects of cutting off Russian energy"

April 19 "American Consumers Are Paying The Cost Of Europe's Energy Fecklessness"

April 18 "It Appears The U.S. Is About To Have Its Own Natural Gas Crisis"

Speaking about small and medium businesses in Davos, Norwegian finance CEO Kjerstin Braathen says energy transition will create energy shortages and inflationary pressures, but this "pain" is "worth it." pic.twitter.com/Ne70lRle5W

— Andrew Lawton (@AndrewLawton) May 23, 2022

During a World Economic Forum panel on the energy crisis, German vice-chancellor Robert Habeck said countries should resist temptation to look after their own interests first. He added sustainability requires change to the "rule of the markets." pic.twitter.com/BYzQqMRDbk

— Andrew Lawton (@AndrewLawton) May 23, 2022

 

“Under my plan … electricity rates would necessarily skyrocket.”
—Presidential candidate, Senator Barack Obama,

Q&A with the editorial board of the San Francisco Chronicle, January 21, 2008

 

"In politics, nothing happens by accident. 

If it happens, you can bet it was planned that way."
—Franklin D. Roosevelt