Supply is getting better

[Hay Dude]

Federal Unemployment funds went away last summer and state unemployment has a limitation. Covid related unemployment has been over for half a year, yet people still blame it for lack of workers. Many people retired during the past few years and most baby boomers are no longer in the workforce.

Once people leave the workforce for an extended period of time, a portion of them do no return. Some begin working for “cash” doing odd jobs off payroll, becoming an unemployment statistic. Who does the employer uses to replace them? Robotics? Subcontractor? Unauthorized workers?
Maybe the employer chooses to downsize and that creates the shortages we see.
Demand remains consistent, supply is difficult to keep pushing out the door.

 

[Hay Dude]

US also exports fuel.

We could have been the main supplier of NG to Europe.
The Russians have been given the green light for Nord Stream 1 & 2 NG pipelines.
That'll end the prosperity of American companies selling NG to the Europeans.

 

[lman]

Once people leave the workforce for an extended period of time, a portion of them do no return. Some begin working for “cash” doing odd jobs off payroll, becoming an unemployment statistic. Who does the employer uses to replace them? Robotics? Subcontractor? Unauthorized workers?
Maybe the employer chooses to downsize and that creates the shortages we see.
Demand remains consistent, supply is difficult to keep pushing out the door.

That's why they left the gate open down south.

 

[Hay Dude]

 

[Tomtint]

China has shut down more ports again. This means more shortages are soon to be here.

 

[jyoutz]

We could have been the main supplier of NG to Europe.
The Russians have been given the green light for Nord Stream 1 & 2 NG pipelines.
That'll end the prosperity of American companies selling NG to the Europeans.

Is it cost competitive to ship NG by ship when the Russians can do it by pipelines?

 

[Hay Dude]

Is it cost competitive to ship NG by ship when the Russians can do it by pipelines?

Probably, but it depends on the timeframe you want to make for comparison.
Shipping lanes to Europe are very well established and I see our NG ships outbound from Philly/Wilmington/Baltimore on a daily basis.
Pipelines are wonderful feats of engineering, but as you well know, a lot of land and habitat are damaged. Extremely large up front investment and potential large scale environmental damage, too.
I assume this is why CN-US Keystone pipeline cancelled?

I like pipelines, but when it comes to my country versus Russia getting billions in European NG sales?
Ill take the USA shipping it over Russia piping it.

 

[jyoutz]

Probably, but it depends on the timeframe you want to make for comparison.
Shipping lanes to Europe are very well established and I see our NG ships outbound from Philly/Wilmington/Baltimore on a daily basis.
Pipelines are wonderful feats of engineering, but as you well know, a lot of land and habitat are damaged. Extremely large up front investment and potential environmental damage.
I assume this is why CN-US Keystone pipeline cancelled?

I like pipelines, but when it comes to my country versus Russia getting billions in European NG sales?
Ill take the USA

No question that I support US over Russia. I live in the state that is the 2nd largest producer of natural gas. We have a 1.6 billion budget surplus this year due to oil/gas. But I’m still doubtful that shipping overseas is cost competitive with a pipeline.

 

[MossRoad]

We could have been the main supplier of NG to Europe.
The Russians have been given the green light for Nord Stream 1 & 2 NG pipelines.
That'll end the prosperity of American companies selling NG to the Europeans.

Wouldn't that mean there would be more natural gas available in the U.S. so prices for us should go down?

 

[Hay Dude]

Wouldn't that mean there would be more natural gas available in the U.S. so prices for us should go down?

All depends on what outside forces are doing to the American petroleum and gas industries.
Pipelines don’t get Covid, for example. Ship crews do. That’s one of many examples.
policies can make policies affecting mining, drilling and exports, too.