"Who you calling a savant?"
From the EIA:
...Flooding in Colorado resulted in well closures and production shut-ins. On Tuesday, the Colorado Oil and Gas Association said 1,900 oil and natural gas wells had been shut in because of floods. Also, Colorado Interstate Gas Company on Monday declared force majeure, rendering two pipeline segments out of service. The declines in supply may have contributed to increases in the 30-cent range at most Colorado trading points....MUCH MORE
Prices at the Nymex increased along with spot prices this week. The October contract rose from $3.567 per MMBtu last Wednesday to $3.713 yesterday. The price of the 12-month strip (the average of the 12 contracts between October 2013 and September 2013) rose from $3.805 per MMBtu on Wednesday last week to $3.937 per MMBtu yesterday.
Both consumption and supply declined during the report week. According to data from Bentek Energy LLC, total supply fell 0.8%, with a production decline of 300 million cubic feet per day (0.4%) (partly due to Rockies losses), accounting for most of the decline in overall supply. Canadian pipeline imports declined by 3.5% and LNG imports remained at minimal levels. On the demand side, residential and commercial consumption increased 20.9% this week, a sign that seasonally cooler weather has arrived in some areas of the country. However, a 16.1% decline in gas consumption for power generation helped offset the increase in residential and commercial consumption, resulting in a 4% net decline in total consumption...
$3.6870 last.
