Natural gas futures spiked to $9.40 per million Btu earlier to | The Paradigm Shift Channel ⏳

Natural gas futures spiked to $9.40 per million Btu earlier today, the highest since the huge twin spikes between 2005 and 2008. Price have have tripled from a year ago, when it was $2.98, and have more than tripled from the $2-3 that predominated from 2011 through the spring of 2021.

U.K. Treasury Chief today outlined a new 25% tax on the profits of oil-and-gas companies and will be used to fund subsidies for households.

Bolivia said it is seeking higher prices for natural gas sold to Brazil's state-run Petrobras. Bolivia's energy ministry said Petrobras pays between $6 and $7 per million BTU for Bolivian natural gas, while alternative private buyers in Brazil are willing to pay between $15-$18 per million BTU.