/biz/ - Business & Finance

>>55383759
https://www.eia.gov/energyexplained/electricity/electricity-in-the-us.php

>>55038632
Yes, it averages about a 7.5% heeming from June into July.

>>54583533
It's 40% of power generation, so leaving aside LNG exports, cranked up AC is what gives the summer price a boost.

>>54534556
Reminder that natural gas is nearly 40% of electricity production.

Electricity used for, you know, things like AC.

>>54361891
It's used for electricity generation, anon. Not just heating. And what do people use a lot of in the summer?

Also Freeport's remaining capacity comes online in May.

>>54342719
>>54342535

re: BOIL and roll decay

I'm following you guys on BOIL contango and that it decays from contract to contract, but I'm there's gotta be a bottom, and it's sometime between now and summer.

My research into market trends says that the summer pumps starts in spring, but all market news this year says stuff like "demand slump approaching with mild spring temperatures." Natgas being cheapest in spring makes sense, but what about picrel? When do you think the underlying contracts are going to start going up instead of lying flat?

>>54297210
>He thinks winter is the only time you need nat gas

>>54293795
>There will *always* be gas getting used, but it seems it will be quite the while before it's too the point that it will start getting *needy* for production, mostly thanks to Europe getting stocked up for a Winter due to Russia, but not really needing it so much
You're exactly right about why it's so low right now, but you're missing the point of this play. BOIL bulls aren't looking for a gas shortage, we're looking for a trend toward the norm as ripples of 2022 fade. BOIL traded at $40 IN THE MIDDLE OF THE PANDEMIC. Half of that is already a 6x compared to current prices.

Congratulations, BOILbaggies. It's all up from here.