Pricing is treading water today as news of Russia’s call up of 300,000 reservists to bolster his troops in the Ukraine gives notice that this conflict is not likely to be resolved any time soon. This, combined with another veiled threat regarding nuclear weapons, has further amplified an already elevated uncertainty about Russia’s role in the world’s energy stage. Prices probably did not rise significantly today on this news because, on the flip side, natural gas production has been rising, the weather has been relatively mild (except TX) and that tomorrow’s storage injection may hit above 100 Bcf. (MJB)
Forget about being the best, or always doing your best. Just know what you’re doing and the reasons why.