DOE EIA weekly Gas storage report
Here is this weeks’ EIA natural gas storage report. Working gas in storage was 3,086 Bcf as of Friday, January 22, 2016, according to EIA estimates. This represents a net decline of 211 Bcf from the previous week. Stocks were 530 Bcf higher than last year at this time and 432 Bcf above the five-year average of 2,654 Bcf. At 3,086 Bcf, total working gas is above the five-year historical range.
Estimated between 204 and 208 Bcf.
Vs
Actual witdrawl 211 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a natural gas storage withdrawal between 204 Bcf and 208 Bcf for the reporting week that ended January 22. EIA plans to release its weekly storage report at 10:30 a.m. EST Thursday. Withdrawal within expectations would be much more than the 112 Bcf drawdown reported at this time in 2015 and more than the 170 Bcf five year average withdrawal, according to EIA data. And for the third straight week, this looks to be the highest withdrawal of the heating season to date. It also would be the first of the season that is larger than both the withdrawal reported this week last year and the five-year average. The range of analysts’ expectations this week was narrow, calling for a withdrawal between 202 Bcf to 214 Bcf.
Renewable prices decline so lawmakers think we need less…. you read that correctly
Key Michigan lawmakers are proposing to lower the amount of renewable energy that the state would be required to use just as renewable energy prices are declining.
Michigan is in the throws of transitioning its source of electricity generation, similar to much of the Mid-West. Coal and nuclear units are aging and the utility owners want to continue to operate them, some without any new investments to reduce their emissions and pollution.
Competition to utility power exists but it must compete against not only price and environmental costs but against politicians who want to continue the same-old-same old.
Clean energy is our future. The transition will be managed. Keeping standards high so they can be met and at a lower cost should be applauded not reduced.
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:
When is Yes, well yes
When is Yes, yes.
The Illinois Commerce Commission (ICC) is proposing that if a residential customer signs a contract indicating their choice of for electric supplier. That is no longer an acceptable agreement. So after you would review a contract and sign the contract you will now have to receive or make a phone call verifying that you do want what you just bought.
Mind you: the ICC already requires all marketing material be reviewed. In addition, all energy marketers receive their license to operate in Illinois from the ICC. That license prohibits deceptive, misleading or fraudulent actions. So, why layer on more regulation over a regulation that already gives the ICC complete authority to review ALL agreements, contracts and actions.
Perhaps it’s because the ICC is used to issuing regulations. That is their job. However, the whole idea of deregulation is to allow for competition. YOU DON’T HAVE COMPETITION without COMPETITION.
Realgy believes that residents of Illinois understand an agreement and can make their decision and don’t need the State of Illinois requiring a second or third yes just to stop paying the utility and exercising their judgment to pay less with Realgy.
Realgy Energy Service 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:
State Sen Kyle McCarter opposes wind energy project
The use of eminent domain; that is the forced purchase of private property for public benefit should be used with abundant caution. That is why it take public hearings and an unbiased review to determine what is in the public interest.
State Sen Kyle McCarter opposes wind energy project.
Last November the Illinois Commerce Commission determined that wind energy being generated in Kansas that would be transmitted to Missouri, Illinois and Indiana deserves the right to purchase the land to build a transmission tower to deliver over 4,000 MW of wind generated electricity. They approved the use of eminent domain so the independent company proposing to build this project can approach the landowners and know they can reach a deal. Without eminent domain a handful of property owners could have prevented this project from moving forward.
This project is innovative and will supply clean renewable and sustainable power. Such renewable power will diversify our power generation and help us avoid price spikes from reliance on just natural gas, coal or oil.
Realgy supports the project and other independent energy companies that are doing such great work.
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://madisonrecord.com/stories/510658825-mccarter-opposes-eminent-domain-in-wind-energy-project
http://www.grainbeltexpresscleanline.com/site/page/project_description
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,297 Bcf as of Friday, January 15, 2016, according to EIA estimates. This represents a net decline of 178 Bcf from the previous week. Stocks were 629 Bcf higher than last year at this time and 473 Bcf above the five-year average of 2,824 Bcf. At 3,297 Bcf, total working gas is above the five-year historical range.
EIA Estimated withdrawal 183 Bcf.
Vs
Actual withdrawal 178 Bcf.
EIA to estimate season’s largest draw Increased demand last week in the Midwest and South Central regions prompted energy experts to predict last week’s natural gas storage withdrawals will be the largest so far of the heating season. A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a gas storage withdrawal of between 183 Bcf and 187 Bcf for the reporting week that ended January 15. A withdrawal within expectations would be less than the 220-Bcf withdrawal reported at this time in 2015 and more than the 177-Bcf fiveyear average withdrawal, according to EIA data. There was not much disparity in the predictions this week as the full range of analysts’ expectations all fell between a drawdown of 175 Bcf to 191 Bcf. This looks to be the largest withdrawal of the heating season, and the first withdrawal that is more than the five-year average since the week that ended December 4. However, it would still be 35 Bcf less than the withdrawal at this time last year.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,475 Bcf as of Friday, January 8, 2016, according to EIA estimates. This represents a net decline of 168 Bcf from the previous week. Stocks were 587 Bcf higher than last year at this time and 474 Bcf above the five-year average of 3,001 Bcf. At 3,475 Bcf, total working gas is above the five-year historical range.
Estimated Withdrawal 176 Bcf and 180 Bcf
Vs
Actual withdrawal 168 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a natural gas storage withdrawal of between 176 Bcf and 180 Bcf for the reporting week that ended January 8. A withdrawal within expectations would be less than the 220 Bcf reported at this time in 2015 but directly in line with the 178 Bcf fiveyear average. The wider range of analysts’ expectations for this week was for a withdrawal of 154 Bcf to 192 Bcf. This looks to be the largest drawdown of the heating season, but it still would be 42 Bcf less than the withdrawal at this time last year.
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.
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
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,814 Bcf as of Friday, December 18, 2015, according to EIA estimates. This represents a net decline of 32 Bcf from the previous week. Stocks were 561 Bcf higher than last year at this time and 411 Bcf above the five-year average of 3,403 Bcf. At 3,814 Bcf, total working gas is above the five-year historical range.
EIA to estimate 22-Bcf storage withdrawal
Vs
Actual was 32 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a natural gas storage withdrawal of between 20 Bcf and 24 Bcf for the reporting week that ended December 18. EIA plans to announce its storage report at 10:30 a.m. EST Thursday. Above-normal temperatures blanketing the eastern half of the US this December prompted most analysts to call for a drawdown of almost 100 Bcf below the five-year average for this week. Withdrawal within expectations would be less than the 52 Bcf withdrawal reported at this time in 2014 and substantially less than the 121 Bcf five-year average withdrawal, according to EIA data. The wider range of analysts’ expectations call for a withdrawal of 15 Bcf to 30 Bcf. Last week, EIA reported a 34-Bcf withdrawal that decreased inventories to 3.846 Tcf, which was 541 Bcf, or 16.4%, more than the year-ago inventory of 3.305 Tcf, but 322 Bcf, or 9.1%, more than the five-year average of 3.524 Tcf
