Nat gas prices up 12,000%

Frozen wellheads have reduced supply and somebody won’t get enough. This has caused a bidding war between regional suppliers. Gas has gone from $3 to as high as $450.

READ  Money Supply Increased by 71% in 1 Year! Fed Promises More $$ as Asset Prices Out of Control

And this is driving electricity up from 12 cents to $4 a kw.

Word is electricity bills will be in the thousands of dollars at the end of this billing cycle, though they aren’t expected to remain high.

READ  Bubbleicious! Bitcoin Falls Most in a Month on Worries Prices Are Excessive (Munis Have All-time Low Spreads To Treasuries)

 

 

h/t shovelbum

The news is not confirmed yet…

483 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.