How is nobody talking about this, especially if there are other Texans out there who aren't used to the insanely cold weather?
Natural gas next-day contracts rose from ~$3/mmbtu to $200 - $500/mmbtu at certain Midcon/Rockies delivery hubs - which is completely upending downstream power markets. I thought it was weird how there wasn't much chatter about this on the investing/economics/markets subs. Particularly since it's so similar to WTI trading negative in March/April (except instead of surplus inventory/no storage you're dealing with no inventory/surplus storage).
Submitted February 15, 2021 at 06:33PM by trill_collins__ https://ift.tt/3qo9Igx
