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Inventory: US Natural Gas in Storage Grows

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Inventory: US Natural Gas in Storage Grows

Unread postby Ferretlover » Fri 19 Oct 2007, 17:10:40

$this->bbcode_second_pass_quote('', 'N')atural gas in storage in the U.S. grew last week and is 6.7 percent above the five-year average for this time of year, a government report said Thursday.
The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states increased by 39 billion cubic feet to about 3.38 trillion cubic feet for the week ending Oct. 12. …

Nat Gas
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Re: US Natural Gas in Storage Grows

Unread postby billp » Fri 19 Oct 2007, 21:09:15

Tough to tell.
$this->bbcode_second_pass_quote('', 'N')atural Gas (NYM)
December 07 ($US per mmbtu.) 7.73 -0.35 7.99 7.72 7.73 10/19 2:29pm

But I'm sure that any of us who invests in natural gas futures, like amaranth will lose.
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Re: US Natural Gas in Storage Grows

Unread postby sicophiliac » Fri 19 Oct 2007, 23:01:54

Good time to get into natural gas investment plays maybe? I mean oil and heating oil up up up, ethanol production up.. more nat gas demand inevitably right?
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Re: US Natural Gas in Storage Grows

Unread postby eastbay » Fri 19 Oct 2007, 23:50:34

Maybe one of the experts here can help with this question. I see NG supply in the US has reached 3.38 tcf. There must be a storage limit. Anyone know what that is? Are we near maximum?

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Re: US Natural Gas in Storage Grows

Unread postby kmann » Sat 20 Oct 2007, 00:43:02

$this->bbcode_second_pass_quote('eastbay', 'M')aybe one of the experts here can help with this question. I see NG supply in the US has reached 3.38 tcf. There must be a storage limit. Anyone know what that is? Are we near maximum?
Thanks

Highest ever was 3.46, last year in late October, so there's still at least a little room. I read recently that some storage facilities are completely full.
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