Title : Sharp Reversal: US NG Fill Rate -- And Winter Has Just Begun -- November 21, 2018
link : Sharp Reversal: US NG Fill Rate -- And Winter Has Just Begun -- November 21, 2018
Sharp Reversal: US NG Fill Rate -- And Winter Has Just Begun -- November 21, 2018
From November 9, 2018:See North American blizzard of 2005.
Today, the actual data from the EIA:
Right on cue: a reader two weeks ago predicted that either last weekend or this past weekend would be the last weekend that we would see a net increase in natural gas storage. It looks like the week before last was the last week this season that we would see a "net increase."
The small print:
- first week this season, a net decrease
- a decrease of 134 Bcf from the previous week
- stocks were 620 Bcf less than last year
- stocks were 710 Bcf below the five-year average
- It's hard to read on the graphic, but it appears:
-
- in 2014: 3,400 Bcf in storage
- in 2018: 3,100 Bcf (small print says 3,113 Bcf)
- 3400-3100 = 300
- 300 / 3400 = close to 10% below what we saw in the worst winter in recent history (2014)
Thus Article Sharp Reversal: US NG Fill Rate -- And Winter Has Just Begun -- November 21, 2018
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