Natural Gas Storage Report Withdrawal Season Week 11 (Week Ending January 12, 2018)

Following a record-setting storage draw due to a larger than normal pull from the South Central region and a blast of wintery mix in the Northeast, storage levels decreased by 183 Bcf this week and came up short of the market expectation of a 199 Bcf withdrawal. This value also managed to not live up to last year’s draw of 230 Bcf and the five-year average of 203 Bcf. Prior…

Energy Taxation: Impact Of The Tax Cuts And Jobs Act

Congress has passed the tax reform bill, known as the “Tax Cuts and Jobs Act”, and President Trump signed it into law on December 22, 2017.  The Act contains wide-ranging changes to the tax law that affect many industries.  For the energy industry, the changes have not proved to be as harmful as some feared earlier in the legislative process.  Nevertheless, there is a lot that is new to consider. …

Natural Gas Storage Report Withdrawal Season Week 10 (Week Ending January 5, 2018)

The largest withdrawal since the 288 Bcf pull on January 10th, 2014 occurred this morning, clocking in at a whopping 359 Bcf. This record-setting withdrawal not only managed to surpass the market expectation of a 333 Bcf net change, but also nearly doubled the draws from last year and the five-year average, which came in at -151 Bcf and -162 Bcf respectively. Outlooks for this winter proved to be mostly…

Uptown Funk: Where will NYC get its peak demand capacity?

Con Ed says aging natural gas plants are fine; storage advocates say a crisis is imminent.   Does New York City have sufficient resources to meet peak energy demand and, if not, how should any shortcoming be addressed? Those are two key questions facing energy planners for the Big Apple, with competing views on both. Shortfall debate While about 30% of New York City’s peak demand is met by natural gas…

Energy Gifts

As we look to the new year, let’s count a few of our country’s newest energy-related gifts: 1.      Production Up, Emissions Down Methane emissions from natural gas and oil development continue to decline in a number of America’s top energy-producing areas, according to a report by the group Energy in Depth (EID). The report is based on EPA’s Greenhouse Gas Reporting Program, and it shows methane emissions from eight of the top-producing shale basins…

Natural Gas Storage Report Withdrawal Season Week 9 (Week Ending December 29, 2017)

2018 is here, and predictably the first report of the New Year was the largest draw yet of the season. Today, the EIA reported a net withdrawal of 206 Bcf with major heating markets of the Midwest and East accounting for just over half at 108 Bcf. This however was still a slightly bearish number compared to market expectations of a 221 Bcf pull, though far greater than last year’s…

Partnership For A Reliable Energy Future

We are constantly researching and creating innovative ways to make natural gas-fueled energy generation cleaner. Whether it’s responsibly developing natural gas in such abundance that many utilities are converting old power plants to run on cleaner, more affordable fuels or investing billions to improve the environmental performance of refineries and the products they deliver, like lower-sulfur gas for vehicles, the industry continues to demonstrate its dedication to making the world in which we live, work…

Natural Gas Storage Report Withdrawal Season Week 8 (Week Ending December 22, 2017)

Following an already elevated NYMEX due to recent colder weather patterns, this week’s 112 Bcf withdrawal fell right in line with the market expectation of 113 Bcf. While the current pull mirrors the five-year average withdrawal of 111 Bcf, it came in at nearly half of last year’s massive draw of 233 Bcf around the same time. It may seem that the market is bouncing back since the injection of 2…

Natural Gas Storage Report Withdrawal Season Week 6 (Week Ending December 8, 2017)

Winter weather outlooks are getting warmer, and the bears are out of hibernation. Today, the EIA reported a seemingly bullish withdrawal of 69 Bcf as compared to the market expectation of 60 Bcf, but the recent market slide just kept rolling. By comparison, this time last year saw a pull of 147 Bcf, and the five year average stands at 65 Bcf. Overnight weather models suggest a major shift from…

Here’s How New Jersey Can capitalize On Its Best Clean Energy Investment Opportunities

Governor-elect Phil Murphy’s clean energy agenda has the potential to be a game-changer for New Jersey. His influence can position the state to regain its leadership in the fight against climate change, and create a clean energy economy that will lead to more jobs, and improve the health and well-being of all New Jerseyans. To capitalize on this opportunity and achieve the state’s goals of clean, resilient, and affordable energy and transportation…