Moneymoneyrcw

Wed Oct 10, 2018, 08:05 PM

Prices Soar As Natural Gas Inventories Hit Decade Low

Last edited Wed Oct 10, 2018, 09:24 PM - Edit history (1)

By Nick Cunningham - Oct 10, 2018, 6:00 PM CDT

Natural gas prices have spiked over the last few weeks as U.S. inventories run low ahead of the peak winter heating season.

Nymex natural gas prices have jumped nearly 15 percent over the past month, rising to roughly $3.30 per million Btu (MMBtu). The market has clearly grown a little concerned about adequate supplies heading into the winter and that is reflected in natural gas prices rising to their highest point since the beginning of the year.

For the week ending on September 28, natural gas inventories stood at 2,866 billion cubic feet (Bcf), or 636 Bcf lower than at the same point a year earlier, as well as 607 Bcf below the five-year average.

More...

https://oilprice.com/Energy/Gas-Prices/Prices-Soar-As-Natural-Gas-Inventories-Hit-Decade-Low.html

7 replies, 78 views

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Reply Prices Soar As Natural Gas Inventories Hit Decade Low (Original post)
RCW2014 Oct 10 OP
freedumb2003 Oct 10 #1
RCW2014 Oct 10 #2
freedumb2003 Oct 10 #4
Red Bull Oct 10 #3
akaConcernedCanuk Oct 10 #5
RCW2014 Oct 10 #6
uncledad Oct 11 #7

Response to RCW2014 (Original post)

Wed Oct 10, 2018, 08:12 PM

1. Things getting more expensive certainly makes you happy

And need I remind you that utility price rises are the most regressive of all?

Most of us Conservatives, who made good decisions when young and have a decent income are not really that badly affected by these price fluctuations.

It is a wince, but that us about it.

Progressives, most of who decided sex before marriage is good and having kids as a single parent (or killing them in the womb) get hurt a lot more.

Your glee is noted, though.

You may now go and kick some homeless people while they sleep.

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Response to freedumb2003 (Reply #1)

Wed Oct 10, 2018, 08:14 PM

2. Inflation. Stay tuned... nt

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Response to RCW2014 (Reply #2)

Wed Oct 10, 2018, 08:24 PM

4. Or not.

Because

Economics.

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Response to RCW2014 (Original post)

Wed Oct 10, 2018, 08:22 PM

3. I primarily heat with wood

So I do care about the cost of natural gas because of supply and demand.

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Response to RCW2014 (Original post)

Wed Oct 10, 2018, 10:51 PM

5. I don't get it - China has dramatically reduced its LNG imports from the US due to tariffs,

so shouldn't the USA be OVERSTOCKED with gas?



CC

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Response to akaConcernedCanuk (Reply #5)

Wed Oct 10, 2018, 10:57 PM

6. Money changers in charge. Look at the futures price of lumber but yet read the articles

on home construction being squeezed due to high lumber prices.

Check out the current on lumber:

https://www.finviz.com/futures_charts.ashx?p=d1&t=LB

MAGA, MAAAGA, MAAAAAGA!!!

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Response to RCW2014 (Original post)

Thu Oct 11, 2018, 12:18 PM

7. Supply side magic.

Must be time for winter heating? Yes it is. Might be a mild winter.

How's the inventory look? Great. There's plenty.

That's not what was asked. How's the inventory LOOK ($) ? It's good?

Last time, HOW's the inventory Look ($$) ? Terrible. Way to low. Really too low.

OK then....

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