228 Billion Cubic Feet Less Than Last Year

It might be safe to say that the world is in an Energy Crisis.
On Sept 7, the EIA showed the Natural Gas Storage at about 228 billion cubic feet less than last year.
https://ir.eia.gov/ngs/ngs.html

Not really at a crisis level to me.
Add to that, In March of this year, the Biden Administration committed to sending 15 billion cubic meters of LNG to Europe every year starting this year.
This equates to nearly 530 billion Cubic Feet.
https://reut.rs/3KWtrPF

If you take a half a trillion cubic feet of natural gas from storage, then we could become critically low.
We need to help our friends across the pond. I just don’t think there is enough to go around.

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#recession #inflation #stagflation #hyperinflation #energy

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