TheGlobe.com Inc (TGLO)

[NorthPeak22]

https://www.reuters.com/business/energy/ai-boom-fuel-natural-gas-demand-coming-years-report-says-2024-04-23/

According to the report, natural gas prices could average $4 per million British thermal units during the second half of the decade.

Natural gas prices touched a three-and-a-half-year low in February to $1.61 per mmbtu largely due to mild winter weather, forcing many producers to curtail their production.

The analysts expect pipeline operators such as Kinder Morgan (KMI.N), Williams (WMB.N), and Energy Transfer (ET.N), to be in the best position to take advantage of the growing gas demand, while gas producers such EQT (EQT.N), and Chesapeake Energy (CHK.O), would also benefit.

https://oilprice.com/Energy/Natural-Gas/US-Natural-Gas-Could-Be-A-Big-Winner-of-The-AI-Boom.html

Considering that natural gas is currently the single-biggest source of power generation in America, this target of the Biden Administration has been questioned and viewed as unattainable even before the surge in power demand, which has reversed years of falling or flat electricity consumption.