@#9 ... they'll screw out fuel supply soon as well. ...
The price of natural gas is dropping here in the United States.
It seems that there was a major fire at a natural gas exporting facility, crippling the ability of Big Oil to export natural gas.
So now there is a surplus building in the US because Big Oil cannot sell as much abroad.
Natural gas plummets as Freeport delays facility restart following explosion
...Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won't be back up and running soon.
[C]ompletion of all necessary repairs and a return to full plant operations is not expected until late 2022," the company said Tuesday in a statement. The facility, located in Quintana Island, Texas, had an explosion last Wednesday.
"Given the relatively contained area of the facility physically impacted by the incident, a resumption of partial operations is targeted to be achieved in approximately 90 days," Freeport LNG said.
U.S. natural gas fell about 16% to $7.22 per million British thermal units (MMBtu)....
Of course, that begs the question --- why was Big Oil selling resources abroad to keep homeland prices higher?
Maybe, just maybe, Big Oil is taking advantage of the current situation to maximize profits?
Oil Companies Posted Huge Profits. Here's Where The Cash Will Go (Hint: Not Climate)
...A customer uses a credit card to pump gas at a Mobil gas station in Los Angeles on April 28, 2022. High fuel prices have contributed to windfall profits for fossil fuel companies....