You can claim that the US is artificially raising natural gas prices, but the exact opposite is true. By chance of circumstance, we've historically underbuilt LNG processing facilities and that is isolating the US market from the rest of the world, so we have some of the lowest natural gas prices in the world right now.
Please take your uninformed takes and cringey political rallying elsewhere, it's not what this platform is designed for.
Flamewar comments like this will get you banned on HN. You've been breaking the site guidelines in other places too, unfortunately. That's not cool. (Edit: and we've already had to ask you more than once to stop doing it:
Biden shutting down natural gas pipelines is certainly relevant and on-topic in a discussion of the supply shock and why, as you said, "Natural gas [is] extremely expensive".
Trying to bury relevant facts because they're politically inconvenient is trampling curiosity.
> The above makes oil and gas more costly to extract and to ship, which raises the price.
I'm not sure if you're just expressing your personal concerns over what you believe can hypothetically happen, or whether you're grossly misinformed.
Meanwhile, even though gas prices are breaking records all over the world, in the US they are still below the prices from 2010, back in the days no one in the US was concerned about gas prices because they were 3 times higher a couple years back during Bush2's presidency.
> I'm not sure if you're just expressing your personal concerns over what you believe can hypothetically happen, or whether you're grossly misinformed.
So do you have an argument to make, or just a stream of ad hominem followed by smoke and mirrors?
You point out that oil and gas prices are high all over the world with a price gap between gas prices in the US and the rest of the world -- because gas is shipped overseas in LNG form and it's a separate market, thus there is generally a gap between world gas prices and domestic gas prices -- to address this we do things like build pipelines from cheap gas countries (like Canada) to other countries and we build more liquefaction plants. But you take this price gap as some sort of vindication of U.S. policy, that perhaps Biden is keeping gas prices low?
So let me spare you the trouble. The facts that Biden has restricted Oil and Gas drilling, cancelled one pipeline and is about to cancel another, and is trying to discourage oil investment by taking away the investment tax credits from this industry -- these increase gas prices, and gas prices have been increasing. Just not as much as in other parts of the world. That is true even if there is there is structural gas price gap vis-a-vis the rest of the world and even if prices are not at the level they were before the fracking revolution caused them to tumble and be truly affordable to many.
Please stop posting flamewar comments to HN and breaking the site guidelines. You've done it repeatedly lately, it's not what this site is for, and it destroys what it is for. That means we have to ban such accounts. I don't want to ban you, so if you'd please review https://news.ycombinator.com/newsguidelines.html and stick to posting in the intended spirit, we'd appreciate it.
I already did. You made an unsubstantiated claim, and I pointed out your personal assertion was wrong and baseless, and provided a time history of gas prices as evidence, including the fact that not so long ago they were over 3 times higher than the current market price.
If you have a problem with the facts feel free to point out what exactly leads you to believe that justifies the discrepancy between your personal beliefs and the facts.
>the fact that not so long ago they were over 3 times higher
They never were. You can check futures price data here: https://www.investing.com/commodities/natural-gas
On top of that you're probably talking about those spikes in 2005 and 2008, but they were short lived and spikes are natural for gas markets because of various circumstances (seasonality, pipeline situation, weather, how full are the reserves etc).
>not so long ago
It was 13 years ago! And now it's the highest price since. The reason for such a ridiculously low prices for so long was shale gas extraction. Now US is losing this and more. Because natural gas prices are so sensitive (and react quickly!) to various things - you better hope for warm winter with decisions like these...
Also comparing prices in US and in other countries is intellectually dishonest or you simply don't know how natural gas market works.
You can claim that the US is artificially raising natural gas prices, but the exact opposite is true. By chance of circumstance, we've historically underbuilt LNG processing facilities and that is isolating the US market from the rest of the world, so we have some of the lowest natural gas prices in the world right now.
Please take your uninformed takes and cringey political rallying elsewhere, it's not what this platform is designed for.