Natural Gas Storage Report Injection Season Week 5 (Week Ending May 4, 2018)

Week 5 of injection season saw an injection of 89 Bcf which was slightly below the expectation of 91 Bcf.  This gave the market a slight bullish feel, and it made the futures increase in price. Some weather outlooks are projecting  cooling demand in the upcoming weeks that can assist the bulls to get more momentum and hit above the $2.80- $2.82 mark.  The cooling demand is going to come…

Currents Energy Industry Insights – May 2018

In Cities v. Fossil Fuels, Exxon’s Allies Want the Accusers Investigated – “Now two industry-friendly groups are turning the tables and asking the SEC to investigate the cities and counties for possible fraud.” Why this is important: Over the past year, cities across the country have sued Exxon and its peers alleging the extractive industry withheld information about the risks of climate change. Those cities are seeking billions of dollars…

Natural Gas Storage Report Injection Season Week 4 (Week Ending April 27, 2018)

Week 4 of injection season saw an actual injection that was way above the expectation of 52 Bcf. The actual came in at 62 Bcf, and the futures lowered as the market went bearish.  Record production and future mild weather forecasts are some of the main contributors for the downward market. The injection that we had today is very similar to the injection that we had last year which stands…

Joint Worker Safety Program To Help Sustain U.S. Energy

The deep relationship between the U.S. natural gas and oil industry and America’s building trades unions – the men and women who build much of our country’s energy infrastructure – is getting deeper. In remarks to the annual legislative conference of North America’s Building Trades Unions (NABTU), API President and CEO Jack Gerard announced a new program to join the best practices of the two organizations in a new safety initiative, applicable…

Natural Gas Storage Report Injection Season Week 3 (Week Ending April 20, 2018)

The withdrawals have lasted yet another week. This marks the third week in a row that injection season has seen a withdrawal, and the current pull of 18 Bcf still managed to surpass the market expectation of 12 Bcf. Last year we saw an injection of 71 Bcf and the five year average stands at 60 Bcf. Another unusual withdrawal made the market increase the expiring May contract to as…

If Solar And Wind Are So Cheap, Why Are They Making Electricity So Expensive?

Over the last year, the media have published story after storyafter story about the declining price of solar panels and wind turbines. People who read these stories are understandably left with the impression that the more solar and wind energy we produce, the lower electricity prices will become. And yet that’s not what’s happening. In fact, it’s the opposite. Between 2009 and 2017, the price of solar panels per watt declined by 75 percent while the price…

Natural Gas Storage Report Injection Season Week 2 (Week Ending April 13, 2018)

Week 2 of injection season saw another withdrawal of 36 Bcf, which was higher than the expectation of 23 Bcf.   Last year we saw an injection of 47 Bcf and the five year average stands at 38 Bcf. Today’s withdrawal was way above the expectations of many traders which were in the range of 7-30 Bcf.  The largest withdrawal came from the Midwest region which had a net withdrawal of 18 Bcf.…

Renewable Energy Update – April 2018

Focus Group pursuing floating wind farm off California coast REUTERS – Apr 3 EDP Renewables and four other companies have joined with a Northern California power provider to develop the first U.S. offshore wind farm to boast advanced floating turbines, the group said in a statement on Tuesday. The Redwood Coast Energy Authority (RCEA), a local government authority that provides electricity to most of California’s Humboldt County, solicited bids for…

Natural Gas Storage Report Withdrawal Season Week 22 (Week Ending March 30, 2018)

Week 22 saw a drawdown of 29 Bcf, which was tighter than the Reuters average expectation of 26 Bcf. This year’s number exceeded 2017’s withdrawal of 4 Bcf, as well as the five-year average of 28 Bcf. The market has been bullish since, moving down more than 3 cents. While cooler than average weather continues to create late-season heating-demand, the market remains confident that injection season will refill the depleted…

Renewable Energy Update – March 2018

Focus Lawmakers pass spending bill with funds for clean energy GREENTECH MEDIA – Mar 23 Congress cleared a spending bill last Friday for the 2018 fiscal year that allocates $1.3 trillion. Despite the Trump administration’s requests for drastic cuts, lawmakers set aside increased funds for clean energy programs. In the final text, the Department of Energy received a $3.77 billion boost in funding, bringing the agency’s budget to a total of $34.5…