What a nut job. 5300?

He doesn’t strike me as someone hedging it. The guy owns TQQQ, goes max bearish on NVDA, shorting futures … suddenly he wants to hedge his TSLA?

What’s the rationale of long Tesla stock and long Tesla put?

Knowing how regarded some really are, they’re gonna try to realize losses over the next couple weeks so they can claim on their “2022” tax returns

Why did the mods take away his emoji? Bring it back

Another bearish post. This is why markets won’t crash.

Because everyone and their uncles are expecting a recession

These pending home sales were made in January when mortgage rates dropped to 6%. Things have slowed down again now mortgage rates are near 7%.

I don’t know what Powell will do but one thing never fails - tomorrow CNBC Steve Liesman will ask Powell about the market rally this year and how that affects inflation. Of course Powell will talk tough after hearing this. This guy has pulled this the last few meetings.

One thing never fails - tomorrow CNBC Steve Liesman will ask Powell about the market rally this year and how that affects inflation. Of course Powell will talk tough after hearing this. This guy has pulled this the last few meetings.

Source?

You do realize Ukraine has a massive gas reserve in the Donbas region right? Europe won’t ever have to rely on Russian gas again.

Hopefully by then Ukrainians will have kicked Russian asses back to their dying 3rd world motherland.

Europe Can’t Rely on US Gas to Plug Growing Gap Next Year (1)

Friday, October 28, 2022 04:00 AM By Anna Shiryaevskaya and Sergio Chapa

US LNG exports won’t be able to plug drop in Russian flows Filling European storage sites will be harder to do next year (Bloomberg) --Europe has been able to plug the gap left by smaller Russian gas flows with US supplies, but those shipments won’t be able to keep up as the shortfall expands. While US fuel now makes up 40% of Europe’s liquefied natural gas imports, it will only offset a fraction of the deficit from Russia next summer, BloombergNEF says. That means it’ll be harder to rebuild inventories next year when faced with a longer period without Russian gas.

Securing shipments not needed by top buyer Asia has been crucial for Europe as it swaps piped supplies for the super-chilled fuel. To meet demand going forward, it needs to remain an attractive market for sellers and pull about 70% of global spot supplies, primarily from the US, as LNG output growth remains limited in the next few years.

Since supply cuts from Russia -- once Europe’s top gas supplier -- didn’t come until late into the summer storage campaign, the lack of flows will be even more glaring next year. That will require more LNG, but also “persistent demand destruction,” BNEF said Thursday in a report.

“US supply is particularly price sensitive and will flow to the premium market, which Europe will remain unless Asian demand picks up,” BNEF analyst Arun Toora said. “However the year-on-year increase is not sufficient to offset a total cut in Russian piped supply with under half of these volumes met by LNG increases.”

LNG imports into northwest Europe and Italy between April and September will probably rise by 9 billion cubic meters from a year earlier, according to BNEF. But with key Nord Stream pipeline supply halted and the ongoing risk of a complete shutoff via Ukraine, the shortfall from Russia could reach 20 billion cubic meters.

One problem is that there’s a limit to US supplies. An outage at the Freeport project in Texas means American LNG exports will rise by a less-than-expected 12% this year, and increase by a similar rate in 2023, according to Bloomberg Intelligence.

Another issue is uncertainty over where that LNG will go. Energy majors and traders have secured most US exports and also largely locked in future American supplies, and can send them to where prices are highest. That means more may head to China if easing of Covid restrictions boosts demand there, rather than to Europe.

US Market

Europe’s purchases are helping the US to keep gas exports near maximum levels and to cap a widening trade deficit. But strong global demand is also causing historically high prices in America, adding to household energy bills and fueling inflation.

And in New England, there’s a risk of gas shortages this winter due to high US exports, the Federal Energy Regulatory Commission said.

America is now sending about 60% of its supply to Europe, double last year’s share, said Xi Nan, an analyst at Norwegian consultant Rystad Energy. US Secretary of State Antony Blinken said the US is working to further boost that trade after becoming the top LNG supplier to the European Union and UK this year.

How full Europe’s storage sites get next summer will be a direct consequence of the amount LNG Europe can pull from global markets. More than 43% of the fuel can go anywhere according to contracts, BNEF’s database shows.

Should the region import 60% of spot LNG, storage injection rates could stumble and reach just below 70% by the end of the summer, BNEF said in its monthly outlook. This year, they have reached 94% full.

US LNG exports - largely all destination-flexible - have grown steadily since starting in 2016 amid a shale-gas boom and have mainly gone to South America and Asia. That changed late last year when soaring prices in Europe prompted traders to divert cargoes -- sometimes mid-journey -- as the region weaned itself of Russian gas that it had been tied to for decades.

Still, the amount of extra LNG that could offset lost Russian flows to Europe may drop to 35% next summer from 42% this winter, BNEF says. Yet supplies -- mostly from the US -- should pick up with the next wave of projects starting in late 2024. Europe also needs to expand capacity to import LNG and ease infrastructure bottlenecks.

“The US will need to expand its LNG export capacity and the EU will need to expand its import capacity over the next several years,” Rystad Energy said in a study.