Post by
snowshoedb on May 21, 2021 1:08pm
Storage news - generally bullish
The injections for May continue to be 3-4 bcf/d less than the prior 5 yr average
Note that Pacific rigion has had higher than normal injection. But since the snow pack was low this year and we are coming off a La Mina...Lake Shasta has only 50% of its normal volume in it.
That means:
1) California irrigation water rights will be restricted (price of Almonds is going up)
2) Irrigation pumps will not be running (less power use)
3) Drought conditins expected so air conditionaing will go up (more power use)
4) Another intense California wild fire season is expected
- high winds shutdown wind farms
- fire & smoke reduce solar panel effectiveness
5) California will use more gas for power generation
6) California will make urgent calls to BC Hydro for power every evenning from 5PM-10:30 PM
7) BC Hydro will let the dams build up at night and draw power from Alberta (Coal fired & Nat Gas fired)
8) Alberta will store less gas for winter.
Comment by
snowshoedb on May 26, 2021 3:59pm
Tomorrows storage report should be the largest injection of the season in the range of 100 bcf. The large injection is due to: 1) Reduced LNGintakes due to pipeline maintenance 2) Weather - very limited HDD and CDD in all reagions of the US. any number below 90 bcf I would consider bullish.
Comment by
Skylar1 on May 26, 2021 7:18pm
Yes snowshoedb that's good but more inportantly how in the name of Jesus can i remove that market herald price sensitive by Brieanna McCutcheon video on every stockboard ?