From the EIA:
Weekly Natural Gas Storage Report
for week ending September 13, 2013. | Released: September 19, 2013 at 10:30 a.m. | Next Release: September 26, 2013
| Working gas in underground storage, lower 48 states Summary text CSV JSN | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical Comparisons | |||||||||||||||
| Stocks billion cubic feet (Bcf) |
Year ago (09/13/12) |
5-Year average (2008-2012) |
|||||||||||||
| Region | 09/13/13 | 09/06/13 | change | (Bcf) | % change | (Bcf) | % change | ||||||||
| East | 1,688 | 1,647 | 41 | 1,869 | -9.7 | 1,810 | -6.7 | ||||||||
| West | 511 | 507 | 4 | 497 | 2.8 | 461 | 10.8 | ||||||||
| Producing | 1,100 | 1,099 | 1 | 1,121 | -1.9 | 1,010 | 8.9 | ||||||||
| Salt | 259 | 262 | -3 | 216 | 19.9 | 157 | 65.0 | ||||||||
| Nonsalt | 841 | 836 | 5 | 906 | -7.2 | 853 | -1.4 | ||||||||
| Total | 3,299 | 3,253 | 46 | 3,486 | -5.4 | 3,281 | 0.5 | ||||||||
As I said in this morning's "Market Bubbles Are Caused By Keynesian Beauty Contests":
...For anyone unfamiliar with the contest, hang around until the EIA releases their natural gas storage numbers later this morning.We were seeing guesses in the 55 to 59 Bcf range with Energy Metro's Editor's Pick at 50 Bcf being one of the most conservative.
The object of the exercise is not to predict what the figures will be, and not even to guess what the competition thinks the numbers will be but rather what the competition's reaction to the release will be.
Kind of a second derivative thing.
Usually you would expect a 5 to 10 Bcf miss to pop the futures 20 cents but today there was one little bit of exuberance and right back down:
Earlier:
"Natural Gas Storage Tealeaves for 9/19/13" Looking Very Toppy
