3min chapter

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Winter is Coming Episode 1 | Samantha Dart, Head of Natural Gas Research, Goldman Sachs

SmarterMarkets™

CHAPTER

Natural Gas Markets - Is There Any Lever of Adjustment That Can Still Be Made?

Gas has been more expensive than coal since last summer, which means that everybody that could have switched away from gas towards coal, they've already done that. But oil fire generation was never built to be base load. In europe riht, those generators, they were built to function for a few hours a day, a couple of days at a time. So folks don't usually even have fuel storage on sight in size to be able to keep that up. And then gas became more expensive than oil. That was the new thing that we saw later in the fall. I don't know if there's enough to bring a market 20 % back in balance, but ob's curious,.

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