US Power Prices Surge Ahead of Storm

The video discusses the high electricity demand in the US, setting a winter record of 76 gigawatts, and its impact on wholesale power prices, particularly in Texas. It reassures that a repeat of the 2021 Texas storm is unlikely. The video also examines US natural gas output, highlighting significant drops since 2021 and their potential impact on global LNG supplies due to suspended operations at major US LNG facilities.

What was the record electricity demand in the US during the winter, as mentioned in the video?

• 46 gigawatts

• 76 gigawatts

• 56 gigawatts

• 66 gigawatts

How does the expected electricity demand for the next week compare to the record demand?

• It is higher

• It is the same

• It is lower

• It is unpredictable

What reassurance is given about the current storm in Texas?

• It will have no impact on electricity prices

• It will be shorter and less severe

• It will cause more fatalities

• It will be more severe than the 2021 storm

What is the impact of the drop in US natural gas production on global LNG supplies?

• It increases global LNG supplies

• It has no impact on global LNG supplies

• It disrupts global LNG supplies

• It stabilizes global LNG supplies

What action by US LNG facilities could affect global flows?

• Suspending operations

• Expanding facilities

• Increasing production

• Lowering prices