We continue to write same basic message – there’s plenty of natural gas both in storage and “on the pipelines” resulting in stable, lower pricing (attachment makes this clear). Locking in your gas supply price for two or three years is a “must do” in most utilities here in New York state. If you’re not […]
July 2015 Electricity & Natural Gas Update
Wishing all of you an enjoyable Fourth of July holiday. Per the attached you’ll note NYMEX natural gas futures virtually unchanged over last 90 days — we’ve had a few small price spikes along the way however, things always settle down due to robust production and fact that we’re running a supply surplus year-on-year. Current […]
June 2015 Electricity and Natural Gas Update
You’ll note virtually unchanged pricing since April 30th. First things first, below is latest information on gas in storage, per U.S. Energy Information Administration: NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing To the point, there is plenty of gas, weekly injections are strong and come November 1st the amount of gas in storage […]
May 2015 Electricity & Natural Gas Update
Per the attached you’ll note virtually unchanged natural gas futures pricing during month of April. Robust gas production continues, keeping prices in check. Moving forward, it’s all about summer temperatures – if upcoming forecasts call for warmer-than-normal temperatures we could see higher pricing. Conversely, if normal or cooler-than-normal temperatures are forecast we may see lower […]
March Energy Update – Spring is here
Winter is over, just a formality for Spring to officially arrive one week from today. There may be shots of cold here and there, however Spring has sprung. Good riddance to a long, cold and windy winter. And to high electricity rates. Late last year we wrote all of you offering the thought that Winter […]
Our February 2015 Natural Gas/Electricity Update
Ample supply continues to drive natural gas pricing lower. Much of the nation is experiencing normal to above normal temperatures and this is driving the market lower. Failure of weather models to perform as predicted (not as cold) is causing traders to pull back on buying, resulting in stable-to-lower pricing. Look at the calendar, winter […]
Happy 2015 and our Natural Gas/Electricity Update
Suddenly we realized we never wished all of you “Happy New Year.” We apologize, please accept at this time, all the best in 2015. Worldwide oil price drop applies to natural gas as well, biggest factors for gas being lack of sustained cold here in the Great Overtaxed Northeast along with continued robust production. There […]