MacroVoices #334 Adam Rozencwajg: Understanding the Global Energy Crisis
Macro Voices
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Could Natural Gas Price Trade Down?
Natural gas prices in the us. Have rallied, but they're like nine dollars here to day,. eight 99, whichis, which is high, even in this cycle. Here they were as low as five 50, kind of two weeks ago. And in the rest of the world, theres still o 35 dollars. So how can you have this huge arbitrage? Well, we export a lot of gas. We were actually the world's largest gas exporter now. But we still basically produce more than we export. And so we still have excess supply in the us; there's still a bottle neck of export capacity.
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