Bryan Gray91 said:Wait, America only has 12%!! in gas storage?
If we get more coming in through the pipelines, plus the LNG shipments, plus our own domestic production... can we even realistically hit 70-80% for the year?
If that happens, we're looking at massive gas reductions... just waiting to happen.
America bumped gas production up to 40% of its annual domestic demand
We’ll have plenty of gas, and if things get too tight, they can just shut down the big chemical plants like Dow Chemical, which alone eats up about 20% of the gas used in the US.
Bryan Taylor6 said:What do you mean 12%????
They're saying it's closer to 90%
Sure, they might be at 90%, but right now they're only storing 12% of what America uses in a year.
rowdytiger13 said:Well, there are plenty of theories floating around. That new Baltic gas pipeline is right there. Maybe it was the target all along, and it was definitely the Russians.
It's suspiciously quiet, and the media keeps pushing this theory that the Americans blew it up just to tip off the Germans. Personally, it sounds like a weak theory that smells a bit too much like Russian disinformation.
By the way, Germany isn't sweating it. They've already filled their storage tanks to 90%.
I’ve been watching the gas storage refills, and ever since the Russians turned off the tap
in every European country (including Germany), they’ve kept filling those storages at the exact same pace as before the Nord Stream shutdown. It’s weird.