Khiyan King
2.8K posts

Khiyan King
@lexitcounty
Finance | Travel | Politics| ManUtd.








"The fuel everyone thinks is abundant is not." Matthew's letter shows storage capacity grew 7% since 2010 while demand grew 54%, with another 39% coming by 2030. He forecasts an unprecedented gas shortage starting in 2028, and explains why the market won't see it coming: "Natural gas is well supplied today, '26 and '27, and the result is that nobody is investing in gas. EQT is shutting in natural gas right now because they think it'll be more valuable later. The things that we can see real time to figure out if the market is onto this tightness — no one's onto it. It's perpetuating this view that most Americans have, which is there's plenty of natural gas, because for 15 years it's all we've been told. There's a complacency that's developed, and we think that complacency is gonna take us right up to the point where it's too late. Gas has lulled everybody to sleep. In '28, the curve is flat because people believe the gas is abundant. That's despite all these AI compute announcements. We start to draw meaningfully in the middle of '28 on the gas system like we've never drawn before. By 2029, we drop below all known historical storage evidence. Prices have gone to $6 or $8 or $10, but those have been transitory. What we're talking about are structural drivers of demand against a known possible production of gas, and they don't match up. The deficit gets really convex and unbounded."
















