Natural Gas Storage Report Withdrawal Season Week 2 (Week Ending November 9, 2018)

Despite the November-March NYMEX natural gas futures reaching levels not seen since February of 2014, the market managed to provide a neutral to slightly bearish injection of 39 Bcf, which surpassed the current expectation of 33 Bcf, last year’s withdrawal of 13 Bcf, and the five-year average injection of 19 Bcf for around the same time period. No real surprises were expected for this week’s report as notable weather patterns,…

Energy 2019: USA

Over view of the current energy mix, and the place in the market of different energy sources – Oil and gas – The U.S. mainly relies on petroleum and natural gas fossil fuels for two-thirds of its primary energy needs. The transportation sector accounts for the majority of liquid petroleum consumption, and the electricity, residential and industrial sectors are the major consumers of natural gas… Originally published by Global Legal…

Natural Gas Storage Report Withdrawal Season Week 1 (Week Ending November 2, 2018)

With what will more than likely be the final build before the withdrawal season, the EIA report provided a slightly bearish storage injection of 65 Bcf that exceeded all market expectations ranging from 56 Bcf to 59 Bcf, along with the historical values of 22 Bcf from last year and the five-year average of 48 Bcf. The NYMEX December contract kicked off the week with a nearly $0.25/MMBtu hike to…

Natural Gas Storage Report Injection Season Week 30 (Week Ending October 26, 2018)

Injection season wrapped up on a bullish note this morning as the reported build of 48 Bcf fell short of the 50 Bcf market expectation,  last year’s 65 Bcf build, and the five-year average of 62 Bcf for the same time period. Now that storage inventories heading into withdrawal season are confirmed to be the lowest volumes reported since 2005, the market’s response to any sort of cold snap (especially…

Will EPA ‘ACE’ Its Attempt to Replace The Clean Power Plan? A Deeper Dive Into EPA’s Proposed Affordable Clean Energy Rule

Introduction As we have previously reported, on August 21, 2018, the U.S. Environmental Protection Agency (“EPA”) proposed to replace the Obama Administration’s Clean Power Plan (“CPP”) with the Affordable Clean Energy Rule (the “ACE Rule”).  Comments on the proposed ACE Rule are due by October 30, 2018. EPA’s proposal is the latest development in the complex series of regulatory and judicial actions initially triggered by EPA’s proposal of the CPP on June…

Natural Gas Storage Report Injection Season Week 29 (Week Ending October 19, 2018)

With injection season is winding down,  this week saw a reclassification of storage inventories for non-flow related adjustments that resulted in a bearish build of 63 Bcf. Regardless of the adjustment, this injection beat all market expectations ranging from 48 Bcf to 51 Bcf and matched last year’s injection for the same time frame, but still fell short of the five-year average of 77 Bcf. Inventories heading into winter will…

Mapping Vampire Energy: The Hidden Costs of Unused Electricity in Your Home

Garlic may ward off bloodsucking vampires, but it won’t scare off vampire energy. Vampire energy, or standby power, is the electric power that is wasted by the electronic devices plugged in but not in use. We aren’t talking about chump change, either. According to NRDC.org, Americans spend roughly $19 billion on inactive electronics or devices every year. If your phone charger is plugged in with no phone attached, or you’ve ever left…

Renewable Energy Update – October 2018

Focus Governor Brown signs key energy storage bill SOLAR INDUSTRY MAGAZINE – Oct 2 Governor Jerry Brown has signed into law S.B.700, a bill that could result in nearly 3 gigawatts of behind-the-meter energy storage systems at schools, farms, homes, nonprofits, and businesses in California by 2026, according to the California Solar and Storage Association (CALSSA). Authored by State Senator Scott Wiener, D-San Francisco, the legislation reauthorizes the Self-Generation Incentive Program for…

Natural Gas Storage Report Injection Season Week 28 (Week Ending October 12, 2018)

Storage inventories finally crossed over the 3 Tcf mark this morning as the current week’s injection of 81 Bcf fell short of the market expectation of 83 Bcf. Regardless of this build outpacing last year’s 51 Bcf injection and the five-year average of 79 Bcf for the same week, the working gas deficits continue to maintain the gains seen on the November contract month and NYMEX winter strip over the…