Natural Gas has risen over 17% month-on-month, despite being heavily priced capped by the European Union and other Nat gas producers. Northern Hemisphere is facing an El Nino heatwave, electricity price's may drag up the Nat gas price, as a warning that when global price caps end. Nat gas may go parabolic once more.

Chart 1

Chart 2

This is an interesting.  Natural gas prices, since the invasion of Ukraine by Russia, went parabolic.  Only to have massive price capping from the EU and exporters of Nat gas such as Australia, which in turn has lead to massive stockpiles of Nat gas supplies.    The problem is, price caps may, albeit temporary, offset rising costs, it is the environment that has the final say.  With both El Nino and Climate Change leading to global heatwaves, such as the  one currently hitting most of India, parts of Europe and America, which by all accounts was forecasted by NASA in May 2023.   The Space Agency warned that Summer was going to come early for the Northern Hemisphere.

Chart 1 shows the over 16% jump in Natural Gas prices since June 15th.  Chart 2, is a very clear indication at how suppressed Nat gas prices have been by widespread price capping, with U.S. Electricity use/prices.  The two rise and fall hand in hand, yet with Nat gas artificially suppressed, it has not caused electricity to fall by much, sans the milder winter that America and most of Europe just had.  It will be the heatwave that will push electricity use back up, and of course bill costs.   And if investment in Nat gas is also suppressed, energy companies will be looking to cover their shortfalls in other energy markets, such as electricity and oil.