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The Indicator from Planet Money

I will PAY YOU to take my natural gas

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 10 September 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

A weird thing is happening in West Texas. Natural gas prices have gotten so low, energy producers are actually paying to give it away. Today, why it's happening and whether it's a big concern. Plus, who else won a Beigie award!

Related episodes:
Texas' new power grid problem (Apple / Spotify)
The debate at the heart of new electricity transmission (Apple / Spotify)
The rise of American natural gas (Apple / Spotify)

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Transcript

Click on a timestamp to play from that location

0:00.0

NPR. What? Robert it looks like you're trying to walk a balance beam. It's not as easy as it looks

0:24.8

Adrian. I mean I take it you were inspired by the the recent Olympics. The what? No no no I was

0:32.4

inspired by the beige book.

0:34.0

Um, uh, okay, yeah, I should get the gag by now. You're referring to the government document

0:41.1

that we all love that details the economic conditions

0:43.9

around the country. And with this release of the beige book you can see an

0:47.0

economy very carefully balanced get it between expansion and contraction.

0:53.4

We have parts of the country where hiring is slowed,

0:55.8

or even hiring freezes, but other parts where labor hiring is still chugging along.

1:00.9

And all we gotta do is wait for the dismount.

1:04.0

9.7.

1:09.0

Good enough for gold metal?

1:11.0

Good enough for beige.

1:13.0

It's the Beigey Awards!

1:18.0

Our eight times a year salute to the art and science

1:22.0

of telling stories about the economy. I'm Robert Smith.

1:24.8

And I'm Adrian Ma. We'll be giving out our own medals today for our favorite anecdotes from

1:29.5

the beige book. We'll have one dinner item that will likely be getting much cheaper and

1:34.9

Something very valuable that is being given away for free

1:39.7

Ooh, but we'll warn you there is a catch after the break.

1:43.0

There's always a catch.

1:49.0

Support for NPR and the following message come from Boland Branch.

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