Natural Gas Demand
Posted: Fri Jun 01, 2018 2:08 pm
As the summer heat spreads, the demand for natural gas increases. Texas is #1 for consuming natural gas for power generation and we are in for a long hot summer in the Lone Star State.
See: http://www.celsiusenergy.net/p/intraday-weather.html
From the beginning to the end of June there will be a big drop in the amount of gas going into storage. If natural gas in storage is still 500 Bcf below the 5-year average at the end of June, I will be stunned if we don't see a bidding war start between the utility companies for gas supply. They MUST increase gas in storage in key cities across the nation before the next winter heating season begins.
Go here http://www.americanoilman.com/ and click on "Gas Storage".
See: http://www.celsiusenergy.net/p/intraday-weather.html
From the beginning to the end of June there will be a big drop in the amount of gas going into storage. If natural gas in storage is still 500 Bcf below the 5-year average at the end of June, I will be stunned if we don't see a bidding war start between the utility companies for gas supply. They MUST increase gas in storage in key cities across the nation before the next winter heating season begins.
Go here http://www.americanoilman.com/ and click on "Gas Storage".