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1 revisions for "Burning Money: Texas Drowns in Natural Gas Nobody Wants While the World Scrambles for Supply"

Natural gas prices at the Waha Hub in West Texas have plunged as low as -$9.75 per MMBtu, spending 38 of 51 trading days in negative territory in 2026, as pipeline constraints trap record Permian Basin production. Meanwhile, the Iran war and Strait of Hormuz disruptions have sent European gas prices up 60% and Asian LNG to $25.40/MMBtu, creating a global energy market split where one region burns off gas it cannot sell while others face supply crises.