The Energy Bull has Legs - Grant Norwood #5594
Summary: High natgas prices are directly related to what\u2019s happening in Europe. With $10 natgas and the potential for even more surges in price, it\u2019s helpful to get an insider perspective on what\u2019s happening. Grant Norwood, Founder of Norwood Energy, is at the forefront of these energy problems and explains some of the variables that make this energy market different from anything we\u2019ve ever seen before. Tune in for expert insight. Highlights: -The high price of natgas right now is directly related to what\u2019s happening in Europe -We\u2019re seeingt $10 natgas and could potentially go a lot higher than that -Grant\u2019s company, Norwood Energy, is at the forefront of all of this -Why is this different than any other energy market we\u2019ve seen in this country before? -There are many shortages in other countries, and we\u2019re exporting a lot of natural gas. We had a warm summer with 2 devastating winters, and a lack of investment in drilling and exploration over the last couple of years -The labor shortage for drilling oil and inflated cost to drill a well are also contributing to this problem -We\u2019re probably headed back to where we were in the middle of the second quarter -Oil is a boom and bust business Useful Links: Financial Survival Network Norwood Energy