Thursday, January 21, 2010
Natural Gas Glut Over
It would appear that the "Natural Gas Glut" you have heard tell about in P.R. planted stories in the Mainstream Media (MSM) is over.
U.S. inventories of Nat Gas are less than 1% above last year at this time, and .2% below the 5 year average - (just look at the slope of the graph) that's what happens when you have 2 weeks of record cold combined with the inventory system the U.S. now employs (woefully inadequate). This, during a period of NO DEMAND from the industrial sector due to the economy... If we had a new 2 week record cold snap we would be in deep, deep doo-doo (that's a technical term used by analysts to connote a difficult operating environment). So much for the glut...
Should make for an interesting "shoulder period".
Posted by The Short Story Man at 2:09 PM