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LNG storage at Sea (www.bloomberg.com)

posted 2 years ago by mitmont123 2 years ago by mitmont123 +8 / -0

Natural Gas Buyers Hoarding Fuel at Sea to Prepare for Winter

Energy traders and power utilities are storing more liquefied natural gas at sea, an unusual move to hoard supply for winter as the market faces a severe shortage.

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– Lapstrake 1 point 2 years ago +2 / -1

That is called capitalism at work. There will be a great need, so there is a profit motive to make a big supply in order to make gobs and gobs of money.

If you decide that they shouldn't be allowed to store energy because profit is evil, then people freeze because there is no energy no matter how they are willing to pay for it.

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