Natural-gas futures rose nearly 6% after the government released data showing a smaller-than-expected build in U.S. gas stocks, and as weather forecasters called for continued high temperatures in key gas-consuming regions.
The Sep. futures are down a nickel today.
Wednesday night we posted the EIA's Short Term Energy Outlook with this comment:
Picking one of the energy sources at random (not) here's the EIA on natural gas: Natural Gas Markets.
...I had a link to his pleadings against (was it FERC and the CFTC?) the regulators, I'll see if I can find it. In the meantime ponder why GE and Warren Buffet have been nibbling at different parts of the natural gas business.
A couple weeks ago we had:
...That puts the focus on natural gas. "Gas is the bridge fuel" that will step in if coal stumbles, says Marc Spitzer, a member of the Federal Energy Regulatory Commission, regulator of the nation's wholesale gas and electricity markets.
Currently, clean-burning gas provides roughly a fifth of the nation's power needs. But the nation's gas production has been flat, and other industries are increasingly using it as a fuel or raw material. Mr. Spitzer says that the nation needs more facilities to accept liquefied natural gas, which is gas cooled into a liquid that can be imported from overseas.There it is. I set the text color as black as blogger allows.
This stuff is probably worth taking a look at.
Plus it gives me an excuse to digress to Enron stories.