NATURAL GAS INVENTORY (Week Ended 11/18/16)
Current: 4,045 Bcf
Actual Injection/(Withdrawal), per EIA: (2) Bcf
Economist Average Estimate, per Bloomberg: 7 Bcf
Previous: 4,047 Bcf
We should see the first big draw next week.
Natural Gas Storage Report - Nov 23
Natural Gas Storage Report - Nov 23
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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bearcatbob
Re: Natural Gas Storage Report - Nov 23
From the Energy Investing board on Investor's Village.
http://www.investorvill[img][img][/img][/img]age.com/groups.asp?mb=19168&mn=61458&pt=msg&mid=16600876
Not sure how to format here.
Potential for gas storage to disrupt the oil & petroleum markets.
You have to wonder if the erratic changes in seasonal gas storage might lead to an overall change in the energy supply & demand?
Last winter was incredibly mild, thus the gas usage was down and the peak low inventory was much higher than usual. What is stressed here is the following year build, which involves the change in inventory from bottom to top. It's much less than typical, only 1,579 bcf, compared to 2,548 the prior year and 2,787 the prior prior year.
To invoke such a drastic change, there needs to be some reduction in the combination of production less consumption plus imports less exports. Regardless, the US used much less global gas over the last eight months compared to past years. Thus, if we have any normal winter, that portion the US needs will go up dramatically. It just seems unlikely to continue at rates over the last 12 months.
Winter 2010 to 2011 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016 2016 to 2017
November High 3840 3853 3928 3834 3611 4009 4047
March Low 1578 2369 1674 824 1461 2468
Following Year Build Up 2275 1559 2160 2787 2548 1579
http://www.investorvill[img][img][/img][/img]age.com/groups.asp?mb=19168&mn=61458&pt=msg&mid=16600876
Not sure how to format here.
Potential for gas storage to disrupt the oil & petroleum markets.
You have to wonder if the erratic changes in seasonal gas storage might lead to an overall change in the energy supply & demand?
Last winter was incredibly mild, thus the gas usage was down and the peak low inventory was much higher than usual. What is stressed here is the following year build, which involves the change in inventory from bottom to top. It's much less than typical, only 1,579 bcf, compared to 2,548 the prior year and 2,787 the prior prior year.
To invoke such a drastic change, there needs to be some reduction in the combination of production less consumption plus imports less exports. Regardless, the US used much less global gas over the last eight months compared to past years. Thus, if we have any normal winter, that portion the US needs will go up dramatically. It just seems unlikely to continue at rates over the last 12 months.
Winter 2010 to 2011 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016 2016 to 2017
November High 3840 3853 3928 3834 3611 4009 4047
March Low 1578 2369 1674 824 1461 2468
Following Year Build Up 2275 1559 2160 2787 2548 1579
Re: Natural Gas Storage Report - Nov 23
Go to: http://www.americanoilman.com/
Click on "Gas Storage" in the upper left
As I have been saying for months, the U.S. natural gas market is MUCH TIGHTER than it was a year ago.
Now go to http://www.weatherbell.com/premium and watch the Daily Update. Very bullish weather forecast for December.
Click on "Gas Storage" in the upper left
As I have been saying for months, the U.S. natural gas market is MUCH TIGHTER than it was a year ago.
Now go to http://www.weatherbell.com/premium and watch the Daily Update. Very bullish weather forecast for December.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group