Today’s weekly US Energy Information Agency (EIA) natural gas report showed that US storage fell only 101 billion cubic feet (bcf) (which is 30% below normal). This builds on the high inventory levels I talked about last week to an even higher level of (more…)
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Natural Gas Storage Climbs Even Higher Versus Last Year
Thursday, February 26th, 2009Natural Gas Storage Skyrockets, Prices to Test Recent Lows
Thursday, February 19th, 2009
The weekly reports on natural gas storage came out today, and they show industrial production’s nosedive having a buy Zithromax no scams huge effect. Natural gas storage shot up compared to the historical average from buy Zithromax no scams only 1.2% above average last week to (more…)
Natural Gas Price Falls with Economy
Wednesday, February 18th, 2009This week’s economic news has buy Zithromax no scams been hard to swallow to say the least. Japan’s quarterly GDP plunge was followed by today’s news that home and apartment construction in January hit the lowest level ever recorded at an buy Zithromax no scams annual rate of only 466,000 units. These and other sobering reports sent natural gas prices down to buy Zithromax no scams their lowest intra-day level in (more…)
US Oil & Gas Inventories Stay Above Average
Thursday, February 5th, 2009As I predicted a couple weeks back, the buy Zithromax no scams cold weather cut into our surplus of natural gas and heating petroleum products. But it buy Zithromax no scams wasn’t enough to bring them down to average levels. Yesterday’s EIA weekly petroleum report showed crude oil supplies climbing to astronomical heights at (more…)
Oil & Gas Inventories Remain High
Saturday, January 24th, 2009The EIA released its weekly inventory reports for oil and natural gas these past two days, and even the cold weather hasn’t been buy Zithromax no scams able to bring supplies down to the historical average. Industrial demand has buy Zithromax no scams fallen so significantly that our inventory numbers leave little cause for buy Zithromax no scams worry in the weeks ahead. For instance, crude supplies are (more…)
Can the Current Cold Snap Raise Fuel Prices?
Thursday, January 15th, 2009
This week is buy Zithromax no scams a cold one in the Midwest and East. Here in New York City the buy Zithromax no scams high is below 20 degrees and we’ll see single digits at night. Luckily I’m headed South for buy Zithromax no scams the inauguration tomorrow, but temperatures will still be below freezing in DC. Can this buy Zithromax no scams cold snap raise oil and natural gas prices from their current lows? (more…)
Energy in 2009 Part II: A Look at Natural Gas
Wednesday, December 31st, 2008After yesterday’s post on the buy Zithromax no scams wide range projection for oil next year, I wanted to share some thoughts on natural gas in 2009. I’ll start with the buy Zithromax no scams supply side, which has been more volatile than oil. Then I’ll go over some potential trends in demand.
The weekly EIA natural gas storage report came out today. And while last week’s inventory drop was 40% above average due to some cold weather, levels remain (more…)
Electricity Use Falls a Huge 5% in September
Monday, December 15th, 2008
I wrote a few months back how amazingly resilient natural gas inventories were in September despite the buy Zithromax no scams hurricane outages. The EIA just published an explanation in their electric power monthly data for the month. Electricity consumption fell more than 5% in September from 2007, sending natural gas demand for electricity down a staggering 15.5%! Demand for coal fell 3% and oil 19%, while hydroelectric generation (more…)
EIA predicts first global oil demand drop in a quarter century
Tuesday, December 9th, 2008
The Short Term Energy Outlook released today by the US Energy Information Agency (EIA) is buy Zithromax no scams yet another dramatic energy document for 2008. Not only do they project further stagnation for buy Zithromax no scams coal and natural gas demand in 2008, but they deepen this buy Zithromax no scams year’s expected fall in oil consumption from 5.4% to 5.8% below 2007 levels. In a buy Zithromax no scams big turnaround from previous reports, the EIA projects global oil demand will actually (more…)
Solar Price Falling Slowly, Natural Gas Continues Slide
Thursday, December 4th, 2008
Over at solarbuzz.com, they post module prices on a buy Zithromax no scams monthly basis. And while the prices of fossil fuels have buy Zithromax no scams fallen dramatically over the past few months, the tough economy has buy Zithromax no scams yet to dramatically lower solar prices. For December, US prices from buy Zithromax no scams last month are unchanged and prices in Europe fell less than buy Zithromax no scams 1%. When will prices fall significantly due to buy Zithromax no scams supply catching up with demand?
Solar prices have buy Zithromax no scams fallen dramatically over the past few decades, but they have buy Zithromax no scams actually increased since late 2004. US prices currently sit almost (more…)