Natural Gas Storage Report Injection Season Week 22 (Week Ending August 31, 2018)

As expected, the injection of 63 Bcf for this week fell right in line with what the market was looking for at 62 Bcf. On top of that, this unsurprising build ended up in the same vicinity of last year’s value and the five-year average, which were reported at 60 Bcf and 65 Bcf respectively. It is certainly apparent that shoulder season is in effect already, and the decrease in…

How New Jersey Can Finance Its Bold New Clean Energy Targets

On May 23, New Jerseyans scored a major economic and environmental victory when Governor Phil Murphy signed a groundbreaking law that will soon make the Garden State an even greener one. The Board of Public Utilities (BPU) has initiated a proceeding that will establish a community solar pilot program within one year of the bill’s signing. Low-income and multifamily households will be able to earn credits on their electric bills for…

Natural Gas Storage Report Injection Season Week 21 (Week Ending August 24, 2018)

The market expectation of 66 Bcf was exceeded by a somewhat surprisingly robust build of 70 Bcf this week, supported mostly by the Midwest due to cooler than expected weather across the region. Despite warm overnight weather guidance, this week’s injection provided a bearish overall look, even in the face of hotter trends expected in the near future from September 6th to the 10th. Next week’s build may tell a…

The Complete Guide To Saving Money On Your Commute

You can save money on your daily drive to work using these tips According to the latest data from the U.S. Census Bureau’s American Community Survey, the average American spends the equivalent of two workdays per month commuting to and from work. While that may not sound like an impressive statistic, that time can mean losing an average of $460 per month in potential earnings. When you factor in gas…

EPA’s Affordable Clean Energy Proposal

With EPA unveiling its proposed new rule to reduce greenhouse gas emissions from power plants, there’s already lots of discussion of whether the proposal is an improvement over the rule it would replace – whether a regime may focus on the utility sector as a system or needs to focus on individual sources. Be that as it may, we’ll go back to the main point we made amid discussion of the Obama…

Natural Gas Storage Report Injection Season Week 20 (Week Ending August 17, 2018)

This week’s injection proved to be unremarkable as the market expectation and reported net change both ended up resulting in 48 Bcf put into storage. Not only that, but this build also mostly fell in line with last year’s injection and the five-year average for the same time period, coming in at 45 Bcf & 52 Bcf respectively. The storage picture isn’t expected to improve much despite the August production…

Currents – Energy Industry Insights: August 2018

EPA Chief Looks to Distinguish Himself from Pruitt in Agency-Wide Memo – “The new head of the EPA sent a staff-wide memo laying out steps the agency is taking to increase transparency, a move that’s seen as an effort to differentiate himself from his predecessor.” Why this is important: New EPA Acting Administrator, Andrew Wheeler, appears to be learning from at least some of his predecessor’s mistakes by communicating to…

Natural Gas Storage Report Injection Season Week 19 (Week Ending August 10, 2018)

Despite withdrawals in the Pacific and South Central regions, this week’s 33 Bcf injection of natural gas just barely surpassed the market expectation of 31 Bcf. After a majority of bullish builds over the past few weeks, the deficit still stands just shy of 600 Bcf against the five-year average. As we head into the last couple of months of injection season, supplementary weather patterns are expected to somewhat help…

Natural Gas Storage Report Injection Season Week 18 (Week Ending August 3, 2018)

The EIA’s reported injection of 46 Bcf was nearly right on target compared to the market expectation of 47 Bcf. Breaking the streak of three notably low builds in a row, this week could finally reflect a halt in the recent 18 cent rally that the September contract month has experienced, supplemented by surpassing two technical pricing hurdles and complementary warmer-than-normal weather over the past six trading days. With injections…

Sustaining U.S. Energy Through Right Policies

U.S. Energy Secretary Rick Perry makes a number of important points about domestic natural gas and oil production, hydraulic fracturing and U.S. energy exports in a piece for CNBC: The United States is shedding dependence on imported energy. U.S. energy exports are helping friends and allies overseas. Natural gas is helping the U.S. lead in cutting greenhouse gas emissions. Perry notes that thanks to technologically advanced hydraulic fracturing and horizontal drilling,…