Working gas in storage was 3,215 Bcf as of Friday, July 17, 2020, according to EIA estimates.
This represents a net increase of 37 Bcf from the previous week. Stocks were 656 Bcf higher than last year at this time and 436 Bcf above the five-year average of 2,779 Bcf. At 3,215 Bcf, total working gas is within the five-year historical range.
Green energy has been on the rise with governments pledging to invest and countries committing to using 100% renewable energy in the upcoming decades. In the past several years, the cost of solar has decreased drastically and has grown ten-times more efficient. For the first time, solar energy is cheaper than fossil fuels.
Warren Buffet struck a deal in September to build America’s largest solar farm. Located in the desert outside of Las Vegas, the sunshine will power the world’s largest battery and produce 6-7% of LA’s electricity needs. Costs are half of that of a natural gas power plant. Solar became 2019’s best performing exchange-traded fund and forecasts show solar stocks increasing exponentially if we continue to see progress.
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. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.