Natural Gas Storage Report - July 9

[dan_s]

Working gas in storage was 2,668 Bcf as of Friday, July 3, 2015, according to EIA estimates. This represents a net increase of 91 Bcf from the previous week. Stocks were 659 Bcf higher than last year at this time and 45 Bcf above the 5-year average of 2,623 Bcf.

Not much to talk about here. Storage right in the middle of the average for this time of year. Mild weather in Texas (low 90s) is keeping power generation demand in check.

[bearcatbob]

The only hope for NG usage here in NE Ohio is if we turn on the furnace. This is a summer that left in May. Wherever global warming is - it is not here.

Bob

[dan_s]

We could have a freeze over half the United States and the Global Warming wackos would not admit that they just might have been a bit off base with their predictions. In Houston, this is the deepest we have ever gone into the year without a temperature reading over 95.

Just remember that almost everything that comes out of Washington is a scheme to tax us more.