VWSYF - Natural Gas Under Pressure As A Fossil Fuel; It Is Not A Bridge To Anywhere
- Natural gas is an economic disaster in the US and global demand will fall a record 3% this year.
- IEA says gas is not a bridging fuel.
- Leading US Utilities exit coal without purchasing new gas plants. Major US LNG export deal with French company Engie cancelled.
- Gas losing out to batteries on backup power.
- With new global emphasis on net zero emissions by 2050, investors might consider if investment in natural gas makes sense or whether they should pivot to renewable energy investment.
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Natural Gas Under Pressure As A Fossil Fuel; It Is Not A Bridge To Anywhere