- A wave of USA LNG Exports hits the market. Sometime in 2017, for the first time in 60 years, the U.S. will likely sell more natural gas to the world than it buys … Shipments to Asia are also set to rise as India increases LNG imports amid low prices. CHK up $0.19 or 2.83% on 2X 3m moving average volume.
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 80 billion cubic feet for the week ending September 30. Analysts were expecting a storage addition of around 70 billion cubic feet. The five-year average for the week is an injection of around 95 billion cubic feet, and last year’s storage addition for the week totaled 97 billion cubic feet. Natural gas inventories rose by 49 billion cubic feet in the week ending September 16.
Natural gas futures for November delivery traded down about 0.7% in advance of the EIA’s report, at around $3.02 per million BTUs, and traded near $2.97 after the data release. Natural gas closed at $3.04 per million BTUs on Wednesday, after posting a five-day high on Wednesday. The 52-week range for natural gas is $2.17 to $3.17. One year ago the price for a million BTUs was around $2.91.
- Inexpensive, abundant, and clean, natural gas is cleaning coal’s clock in the electricity marketplace. Why has this shift from coal to natural gas reduced emissions? It’s simple – natural gas produces just half the carbon emissions of coal.
- U.S.-China relations are at their worst in years, and North and South Korean are not getting along either. In fact, relations between those two are at such a low ebb that two-way trade, once about several hundred million dollars a year, has almost ceased.Curiously, however, North Korean coal does make its way into South Korea, which relies on coal for 40 percent of its electrical power.China’s support of North Korea comes at a time when shining structures all over Pyongyang suggest new strength. Foreigners get positive vibes from those whom they are likely to meet, ranging from tour guides to minor officials in set-piece interviews to carefully monitored “ordinary citizens” in public parks and upscale markets.Those reports conflict, however, with quite a different picture of what’s really happening. Stephan Haggard, head of the Korea program at the University of California, San Diego, predicts “collapse could happen quickly” ― not the political downfall of the regime as so often forecast but that of an economy afflicted by the daily depreciation of its near-worthless currency.
- 54 Fundamentals – Technicals (Scorpions: The Winds of Change)
- Natural Gas Calamity in California
- Positive signs from GE