North American gas market to enter winter with lowest gas level

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

North American gas market to enter winter with lowest gas level 14-09-00 Assuming historical patterns for natural gas storage injections during the coming two months, the North American gas market is slated to enter this winter heating season with the lowest working gas level in a decade, according to Energy and Environmental Analysis. (EEA).

"If storage injections in September and October are equal to the 5-year average for those months, the US will enter the winter heating season with a little over 2.8 tcf of working gas in storage," said Bruce B. Henning, director at EEA. "This would be the lowest working gas level at the beginning of a heating season in this decade." In EEA's Pipeline Data Report (PDR) released, Henning adds that for the first time in recent history, a significant portion of the deficit in storage is in the east region, which is the major consuming region outside of Texas. "At the end of August, working gas in the east region is 90 bn cf below the 5-year average.

http://www.gasandoil.com/goc/news/ntn04003.htm

Source: Business Wire

-- Martin Thompson (mthom1927@aol.com), October 09, 2000

Answers

Pity the poor east. Not only do they consume the most heating oil, in shortage, but also are the most susceptible to a natural gas shortage. Glad I don't live in New England.

-- Uncle Fred (dogboy45@bigfoot.com), October 09, 2000.

A big, premature cold wave blew in from Canada today. Temperatures down to 16 in St. Cloud, Minn., 23 in some spots in Illinois, 29 in Georgia and Alabama.

But I haven't seen anything about New England. Anything to report? Anybody?

-- Loner (loner@bgfoot.com), October 09, 2000.


Moderation questions? read the FAQ