When You Look At This Graphic, Remember: It's Been A Warm Winter So Far -- December 20, 2018 - Hallo friends
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When You Look At This Graphic, Remember: It's Been A Warm Winter So Far -- December 20, 2018link :
When You Look At This Graphic, Remember: It's Been A Warm Winter So Far -- December 20, 2018
When You Look At This Graphic, Remember: It's Been A Warm Winter So Far -- December 20, 2018
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The small print:
- five-year average: 3,493 Bcf.
- current inventory: 720 Bcf below that five-year average.
- 720 is 20% of 3,493.
- current inventory: 2,773 Bcf.
- 2,773 is slightly less than 80% of the five-year average.
Let's hope the winter stays warm.
All in all, it's a pretty stunning graphic, and a pretty stunning number this week. The natural gas market does not reflect the deficit: natural gas is trading for $3.16 today, down about a percent.
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