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Natural Gas Storage Report - Nov. 5
Posted: Thu Nov 05, 2015 11:22 am
by dan_s
Working gas in storage was 3,929 Bcf as of Friday, October 30, 2015, according to EIA estimates. This represents a net increase of 52 Bcf from the previous week. Stocks were 371 Bcf higher than last year at this time and 147 Bcf above the 5-year average of 3,782 Bcf.
Draws from storage will begin mid-November.
Re: Natural Gas Storage Report - Nov. 5
Posted: Thu Nov 05, 2015 6:41 pm
by bearcatbob
dan_s wrote:Working gas in storage was 3,929 Bcf as of Friday, October 30, 2015, according to EIA estimates. This represents a net increase of 52 Bcf from the previous week. Stocks were 371 Bcf higher than last year at this time and 147 Bcf above the 5-year average of 3,782 Bcf.
Draws from storage will begin mid-November.
I do not think with drawls are a lock to start in mid November. This week in NE Ohio has been a golf week where there was a serious threat of sun burn. Next week is supposed to be nice as well. If El Nino winters are warm in the upper Mid West - that is exactly what is happening.
Personally, I am not looking forward to a cold winter.
Bob
Re: Natural Gas Storage Report - Nov. 5
Posted: Thu Nov 05, 2015 7:03 pm
by dan_s
El Nino winters start out mild, but then turn cold in December with a lot more snow from New Mexico and across Texas and the SE 1/4 of the country. Previous "Super El Nino winters" have also lasted well into April. See Dr. Joe Bastardi's winter forecast at
www.weatherbell.com.
See slide 11 of my Dallas luncheon presentation,which is now on the EPG website.
Super El Nino's pump a ton of moisture into the Southern Jetstream, which is why we've had flooding in Texas. All that moisture will turn to ice and snow in December.
BTW the cold now in Denver will spread eastward.