Sep 1, 2022
Summary:
High natgas prices are directly related to what’s happening in
Europe. With $10 natgas and the potential for even more surges in
price, it’s helpful to get an insider perspective on what’s
happening. Grant Norwood, Founder of Norwood Energy, is at the
forefront of these energy problems and explains some of the
variables that make this energy market different from anything
we’ve ever seen before. Tune in for expert insight.
Highlights:
-The high price of natgas right now is directly related to what’s
happening in Europe
-We’re seeingt $10 natgas and could potentially go a lot higher
than that
-Grant’s company, Norwood Energy, is at the forefront of all of
this
-Why is this different than any other energy market we’ve seen in
this country before?
-There are many shortages in other countries, and we’re exporting a
lot of natural gas. We had a warm summer with 2 devastating
winters, and a lack of investment in drilling and exploration over
the last couple of years
-The labor shortage for drilling oil and inflated cost to drill a
well are also contributing to this problem
-We’re probably headed back to where we were in the middle of the
second quarter
-Oil is a boom and bust business
Useful Links:
Financial Survival Network
Norwood Energy