Reply To: Peak Oil and the Iraq War


Home Forums Discussion Forum Peak Oil and the Iraq War Reply To: Peak Oil and the Iraq War

#79315
michael norton

How things change, at the moment Brent Crude is only a dollar off its five year high, this is almost certainly caused by the drastic reduction of Fracking in the U.S.A., when the arse collapsed, as we entered the pandemic, now some are coming out of the pandemic, there is a drastic lack of fuel, plus fuel scares/panicking.
At the low point Natural Gas was 9.63 pence / therm on 29/05/2020
today, 12/10/2021 Natural Gas is 221.2 pence / therm
that is a multiple of thirty three times