RE:RE:RE:RE:RE:RE:Where do things go from here...this weekAeco has dropped from 4.72 to 3.72 in 4 days.....
Not lying....
Why? Not only is it warm...I have never seen Alberta crank out wind energy like it is this week.
I can ballpark it...it is probably lower NG burn in power plants by 20% compared to prior years.
Alberta didt have this wind energy capacity even 3 years ago.
High commidity prices are a "carefull what you wish for scenario"......
kavern23 wrote: Alot of this is so seasonal....
When temputures warm up which they are....both solar and wind will rapidly pick up again which will alllow storage to start building really fast..in Europe.
When it is cold...less wind usually and solar...
Putins stunt in the fall raising NG rates to an insane level in Europe was not helpful at all.
It raised USA NG prices for an artifical reason and NG production in USA is set to go nuts.
IT was really cold in January...up to 7 BCF a day froze off....in the USA.
January has distorted things.
Warm weather will bring inventory in NG hard and fast.
I hope NG can hold 3.50 but I am not so sure.
If Winter is over already in North America....it will be a big education coming to investors.
As fast as this can draw down...it also can fill up at a fast pace when conditions are ripe for wind and solar.
Wind is a big threat to NG...not enough people are paying attention to it.
Oilpig1 wrote: With the exception of UK and Poland, nat gas storage is only around 30% of capacity, in Europe