FabSwingers.com forum: Wholesale Gas prices up 30% today.

By *rFunBoy OP Man
over a year ago

Longridge

Not looking good for October's price cap. Has Putin been sending his Little Green Men to Texas?

An explosion at a Texas liquefied natural gas plant will cut exports for weeks, briefly lowering prices for the fuel in the US while boosting them in Europe.

The Freeport LNG export facility will remain closed for at least three weeks after a fire on Wednesday, a company spokesperson said.

It issued a force majeure to buyers with shipments scheduled till at least June 30, according to traders with knowledge of the matter.

Almost one-fifth of all overseas shipments of gas from the US went via the terminal last month.

By *rFunBoy OP Man
over a year ago

Longridge

And today, supply taps frpm Russia are being squeezed on the EU forcing prices higher.

Winter is going to be fun, the restrictions look like they're to prevent the EU stocking up for the end of the year.

By (user no longer on site)
over a year ago

Already stocking up on firewood for the log burner. Lots of broken branches and what not about in the woods near my house.

By *rFunBoy OP Man
over a year ago

Longridge

Hope your building plenty pallet log stores to dry them in.

Think I'll be assembling a rocket stove with water coil to pump heat directly into the hot water tanks in garage.

Those winter storms came in handy. If you've not got already, DeWalt 18v chainsaw is a stunning bit of kit for logging up.