Oil is on the decline to a 12 year low says researchers
CitiGroup Research said that oil could go down to 20 dollars a barrel
North American is losing about 2 Billion dollars a week in Oil and Gas Production
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM and Index, Fixed pricing.
Additional Information: http://www.msn.com/en-us/money/markets/dollar20-oil-no-longer-mirage-as-world-confronts-12-year-low/ar-CCrU6z?li=BBnbfcL
Quakes in Ok.. cause injections from oil and gas
Oklahoma hit with 70 quakes with a week
- Experts say that the earth quakes swarm in Oklahoma are due to fracking and are caused by the oil and the gas industry
- The injected water changes the friction of naturally occurring fault lines, uncorking the quakes.
- Oklahoma in 2014 had at least 5,415 earthquakes; 585 of them were magnitude-3 or greater. In comparison, the state had just 109 magnitude-3 quakes in 2013, according to the Oklahoma Geologic Survey.
- State regulators have ordered well companies operating in the area to either scale back or halt injection operations
Interesting news article today…. http://www.msn.com/en-us/news/us/oklahoma-hit-with-70-quakes-in-a-week/ar-AAguX1B?li=BBnb7Kz
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM and Index, Fixed pricing.
Developer seeks city approval to replace Crawford power plant in Little Village
Chicago’s Little Village is home to a retired coal-fired power plant. Future use of the space is being planned by Hilco Redevelopment Partners with the approval of the City Council. Hilco plans to convert it into a distribution center and they believe the jobs created would benefit the city. (more…)
Natural gas prices spike on cold weather and lowest early season supply in 15 years
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. (more…)
Are Smart Thermostats Worth The Investment?
With technology advancing so quickly these days, there are many options for consumers to make daily tasks more efficient. Whether homeowners are building a new space or upgrading amenities, it has become popular to use a digital thermostat. Programmable thermostats are more common and have proven useful but smart thermostats are on the rise. (more…)
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,756 Bcf as of Friday, December 25, 2015, according to EIA estimates. This represents a net decline of 58 Bcf from the previous week. Stocks were 532 Bcf higher than last year at this time and 448 Bcf above the five-year average of 3,308 Bcf. At 3,756 Bcf, total working gas is above the five-year historical range.
Estimated Storage withdrawal of 53 Bcf – 57 Bcf
Versus
Actual 58 Bcf
The US Energy Information Administration is expected to estimate a natural gas storage withdrawal of between 53 Bcf and 57 Bcf for the reporting week that ended December 25, according to a consensus of analysts surveyed by Platts. EIA plans to announce its storage report at 10:30 am EDT Thursday. A withdrawal within expectations would be well above the 26-Bcf withdrawal reported at this time in 2014 but well below the 95-Bcf fiveyear average withdrawal. The wider range of analysts’ expectations for this week was for a withdrawal of 39 Bcf to 71 Bcf. Last week, EIA reported a 32 Bcf withdrawal, which lowered inventories to 3.846 Tcf, which was 561 Bcf, or about 17%, above the year-ago inventory of 3.253 Tcf, and 411 Bcf, or about 12%, more than the five-year average of 3.403 Tcf. “Regionally, the largest withdrawals are expected from the East and Midwest regions, each of which saw average temperatures drop 7 degrees compared to the previous week to 51 and 40 degrees F respectively,” according to the Weekly Storage Report published by Platts unit Bentek Energy
