MacroVoices #373 Ole Hansen: Commodities Update
Macro Voices
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Copper Mining Shares: The Bull Argument
Europe is still incredibly dependent on imports of LNG and even though it looks fairly rosy right now, we are starting to rebuild the inventories. So yes, I think they will convert and in order to make it profitable for US producers, they will have to for sure have to be at a higher level than $2.20 we're seeing currently. But that's also part of the story that I mentioned earlier with the Cengo and gas because when just looking one year out, it's a complete different gas price we're looking at.
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