I just heard Doomberg say that natural gas is trading at “an energy equivalent of $10/bbl oil”. Because “we’re swimming in it and can’t get rid of it”.
Can someone expand on that? I don’t think I quite understand.
In this interview at about 6:22
[https://www.youtube.com/watch?v=MtjJq7WP6QE](https://www.youtube.com/watch?v=MtjJq7WP6QE)
Source: RawEggEater1956
2 Comments
I’ve read this guy and he definitely is smart, but he’s super coy about what he believes. He seems to me a climate denier without admitting it, while also cherry pick lots of evidence to support his theories. He doesn’t seem to believe fossil fuels can be replaced despite evidence to the contrary.
It’ll be a reference to the oversupply of fossil gas in the US, and bottlenecks in exporting it as LNG.