Why Is Natural Gas So Expensive Now?

The video discusses the significant rise in utility gas prices in the US and Europe, driven by supply and demand dynamics. It highlights the role of technology and fracking in increasing natural gas supply and the impact of geopolitical events, such as the war in Ukraine, on gas prices. The video concludes with predictions for future gas prices, suggesting potential decreases due to expected supply increases and export reductions.

What is the primary factor driving the recent increase in utility gas prices in the US and Europe?

• Imbalance between supply and demand

• Increased supply of natural gas

• Technological advancements in gas extraction

• Decreased demand for natural gas

Which technology has significantly boosted the supply of natural gas in recent years?

• Wind turbines

• Vertical drilling

• Solar panels

• Fracking

Why are power companies switching from coal to natural gas?

• Natural gas causes less pollution

• Natural gas is cheaper than coal

• Natural gas is easier to transport

• Coal reserves are depleted

What major event in 2022 affected the gas supply to Europe?

• Increased gas production in the US

• A decrease in global gas demand

• Russia stopped gas supply through Nord Stream

• A new gas pipeline was built

How did the explosions in the Baltic Sea impact the global gas market?

• They led to a decrease in gas prices

• They had no impact on the market

• They increased the supply of gas

• They reduced the supply of gas