"US oil prices have surged more than <infinity>% from a record low in April 2020 due to the pandemic".
https://markets.businessinsider.com/commodities/natural-gas-...
https://www.cmegroup.com/markets/energy/natural-gas/dutch-tt...
I’m also interested in the idea that we could overbuild solar/wind arrays and make SNG (Sabatier reaction) or town gas with the excess energy. Even if the process is currently 30-40 % efficient, renewable energy has come down in cost enough to make a 2x or 3x larger array more reasonable, all things considered (e.g. environmental concerns).
That's only one half of the equation though. You'd have to integrate the efficiency loss from transmission with the effiency loss from burning gas in multiple smaller generators rather than one large one with electrical distribution.
What P2G can do is allow one to stack several benefits from the one-time cost of making the gas: storage at the generation site, transmission, and storage at the far end of the pipeline.
1000% is an 11x increase but to see that easily you have to enumerate the values 100% = 2x, 200% = 3x, ... , 1000% = 11x or do a quick inductive proof.
Why not just say 11x? The article pointed out that Asian LNG prices increased six-fold.
Only the central bank head and committee’s opinion matters. They are still pretty split on what to do but that is normal.
You can ignore things that senators say when one expresses concern over the money supply, unless dozens of senators say it.
It is much more likely that a scare gets them to pass a prewritten bill which forces the federal reserve to accelerate more money creation.
(It creates money by purchasing investments from people at inflated prices, so people like that and try to make it do more of that)