What if Henry Hub settles into a higher $4-5 LNG-era trading range?
As exports structurally link US gas to global demand, Henry Hub settles into a durably higher $4-5 range versus the prior $2-3 decade, raising input costs for power and industry alike.
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The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a mixed shock. As exports structurally link US gas to global demand, Henry Hub settles into a durably higher $4-5 range versus the prior $2-3 decade, raising input costs for power and industry alike. The trigger decomposes into signed root‑shocks — Natural gas ▲ · European energy ▲ · Inflation expectations ▲ · Risk appetite ▲ — which propagate through our causal graph to the markets below.