From the Energy Information Administration:
...Consumption increased this week after three straight weeks of declines. Total consumption increased to an average of 56.5 Bcf/d, 3.3% above last week, according to data from Bentek Energy. Consumption was up across all sectors, including natural gas used for power generation (power burn). Power burn was up 3.0% this report week versus last, despite lower power burns east of the Rockies toward the end of the report week as milder weather moved in from the West. East of the Rockies, power burn this Wednesday was 19.1% lower than last Wednesday. However, the same weather front that brought cooler temperatures east of the Rockies, had already brought cold temperatures to the Pacific Northwest and the Rockies and likely contributed to higher residential/commercial consumption during the later part of the report week. Total residential/commercial consumption for the country was 31.3% higher this Wednesday versus last Wednesday.Here's the line, at around the $3.80 mark, from FinViz:
Gas supply decreased during the report week. Total supply decreased by 2.1% over the previous week. Some Gulf Coast production was briefly shut-in as tropical storm Karen passed through the area. Dry gas production and imports from Canada declined week-on-week, both decreasing by about 0.7 Bcf/d on average for the week. Imports of LNG increased over the report week, but continue to be a small contributor to total U.S. natural gas supply....MUCH MORE
A break through means $4.00 gas.
Of course when Qaddafi declared the line of death in the Gulf of Sidra the U.S. crossed it pretty much at will culminating in the 1989 incident that ended with the two American pilots commenting on the two Libyan pilots:
''We're showing two good chutes in the air here.''And Qaddafi had to draw a new line of death.
