Natural Gas Storage vs 5 Year AverageFrom Celsius Energy (Real Time Estimated Natural Gas Storage)
Five Year Average 1720
Current Estimate 1384
Difference from 5 year average 1720 - 1384 = 336
Percent Difference 336 / 1720 = .195 * 100 = % 19.5 BELOW 5 yr Average
* Natural Gas may be volatile for a while - benches in Central Park are warming up and are actually quite comfortable at lunchtime.
* We are going to have to see more than a few 100+ BCF builds during the shoulder seasons to bring inventory levels into line.
* Seabourne coal is thru the roof still and should lift US thermal coal prices.
* A lot of US coal plants are decomissioned now - never to return.
* A large LNG plant in US is still ramping up & others being refitting to boost output.
DYODD
*