Mar. 10 at 4:57 AM
$VG $LNG $WDS
@ISmokeCigs yes, but anyone paying attention knew this before that article was published. Too many trade
$VG as if it is tied to oil, which saw huge retreat from overnight highs last night (Brent from
$115 to
$90) on discussion of coordinated effort to release oil from strategic reserves of many nations simultaneously. With those releases, it could alleviate shortages for 3-4 months.
There is no mechanism for such releases from reserves for natural gas because they are set up to manage seasonal demand, not as strategic reserves. As such, they are not that large, and in the case of Europe, almost fully depleted (only 29% full).