Natural Gas Demand - Jan 29

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dan_s
Posts: 37289
Joined: Fri Apr 23, 2010 8:22 am

Natural Gas Demand - Jan 29

Post by dan_s »

When EIA reports the change in U.S. natural gas storage for the week ending February 1st it may be the largest draw of the winter season.
Here is why: https://www.wunderground.com/forecast/u ... alwx_10day

If you live in an area that is going to have wind chills of -20F or below (some areas may see wind chills of -50F) PLEASE be careful. This is DEADLY COLD. You can have skin damage very quickly (less than five minutes) in temperatures this low. Also, please keep your pets inside as much as possible.

If natural gas storage is under 2,000 BCF on February 1st it is almost sure to be under 1,000 BCF on April 1st. "Refilling storage is not an option", therefore this will add ~3 Bcf per day to demand during the refill season.

Watch daily updates here: https://www.weatherbell.com/premium/
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37289
Joined: Fri Apr 23, 2010 8:22 am

Re: Natural Gas Demand - Jan 29

Post by dan_s »

The first port-of-call for "EPG Cruise 2019" is the island of Roatan. We will spend the day there on Wednesday, February 6th.

Check out the weather forecast: https://www.wunderground.com/forecast/h ... alwx_10day

This is where we are going: https://www.littlefrenchkey.com/
Dan Steffens
Energy Prospectus Group
lealbert
Posts: 7
Joined: Mon Jan 14, 2019 10:18 am

Re: Natural Gas Demand - Jan 29

Post by lealbert »

Why are we seeing sub $3.00 prices with the polar vortex sweeping across the country?
dan_s
Posts: 37289
Joined: Fri Apr 23, 2010 8:22 am

Re: Natural Gas Demand - Jan 29

Post by dan_s »

Polar Vortex Wave #1 backs off on Friday, Feb 1 but Polar Vortex Wave #2 will show up on forecast on February 5.

See beginning of Wave #2 here: https://www.wunderground.com/ndfdimage/ ... mint&msg=7

Weather Underground is a good place for near-term forecasts. For ~10 days they are accurate.

For long-range weather forecasts, go here: https://www.weatherbell.com/premium/ < Watch today's update for what's on tap mid-February.
Dan Steffens
Energy Prospectus Group
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