This year’s natural gas narrative continues to be warm winter weather resulting in high inventory of gas in storage along with lower near term futures pricing. As mentioned in previous Update, lower pricing means production cuts and tighter supply which some say will lead to higher pricing down the road. I highly recommend looking now at renewal rates […]
Happy Easter and Update
“Uncharted territory” best describes today’s energy futures pricing. With so many dynamics at work both in the United States and abroad there is simply no answer to the question, “How long will high prices continue until we see a pullback?” Patience is the word of the day, this situation must play itself out, and it will. Sending […]
Electricity and Natural Gas Update – April 2020
Please allow me to offer my best wishes and thoughts as we confront the COVID-19 pandemic facing our country and the world. Be smart, be safe. As you are aware, energy prices are low across the world and with economic shutdown in place there is no reason to anticipate near-term changes. Energy supply is at […]
April 2018 Electricity and Natural Gas Update
Since last contacting all of you in February, my message remains the same: lock in your rates through at least 2021, preferably 2022. Excellent long term fixed rates are available and must be taken advantage of before they’re gone. And they will disappear. Often I have mentioned (warned) my concern for price spikes during winter […]
April 2017 Electricity and Natural Gas Update
Our main concern moving forward is simple: natural gas exports are rising while natural gas production, specifically from shale basins, is falling. Result is “uncertainty” over meeting obligations this winter which in turn causes volatility in natural gas markets. Near term futures pricing generally is impacted to a greater degree than outer months. This is […]
April 2016 Electricity and Natural Gas Update
Our recent “winter that wasn’t” has resulted in huge year-on-year and year versus 5-year average surplus in natural gas inventory – 69% and 51% respectively. This surplus is something we have not seen during 17 years in this business. Lower than normal pricing for this time of year is upon us, however, it will not […]