Author: unitedenergy

Despite the 4 Bcf revision implemented into the working gas inventories that shifted last week’s value from 204 to 200 Bcf, the current withdrawal of 47 Bcf fell in line with market expectations while coming up short against last year’s 87 Bcf pull and the five-year average of 56 Bcf. All things considered, this draw is essentially a non-event due to the eventual approach of injection season, bifurcating weather patterns…

U.S. Senate Committee to Discuss Climate Change, Electricity Changes – “U.S. Sen. Joe Manchin, D-W.Va., said the hearing of the Senate Committee on Energy and Natural Resources is aimed at putting lawmakers and federal agencies on the same page on addressing climate change and a global energy marketplace.” Why this is important: It was anticipated the House of Representatives would make climate change a priority once the Democrats were back…

Winter decided it wasn’t done yet as the Northeast and parts of the Plains were hit with a cold and snowy weather system last week, resulting in a 204 Bcf withdrawal that significantly widened deficits against last year’s inventories and draw of 88 Bcf along with the five-year average inventories and 99 Bcf pull for the same time period. Not only that, the daily power prices in the aforementioned regions…

CLEAN ENERGY: Minnesota Gov. Tim Walz announces a plan to move the state to 100 percent carbon-free electricity by 2050 as legislation in Illinois goes further by omitting nuclear power. (Minnesota Public Radio, Greentech Media) ALSO: • A group of Democratic lawmakers propose California spend $100 billion over the next 12 years to dramatically curtail carbon emissions and boost clean energy. (Associated Press) • A bill that aims to phase out coal and increase clean energy use in New Mexico is…

Another larger-than-expected withdrawal came to pass this week as the EIA reported a slightly bullish pull of 149 Bcf that dwarfed both last year’s draw of 60 Bcf and the five-year average of 109 Bcf. With March now upon us, cold shots concentrated in the central, northern, and eastern U.S. are bringing expectations for yet another triple digit dip into storage for next week, but much like the polar vortex…

Energy bills are often a sore point for many homeowners. Whether it’s the middle of a sweltering summer or the dead of winter, it seems our heating and cooling costs increase year after year. But more Canadians are turning to smart home technology to make their homes more efficient and eco-friendly. According to a recent study commissioned by Telus, one of the greatest perceived benefits of living in a “smarter” home includes saving…

As withdrawal season approaches its final month, this week’s slightly bearish pull of 166 Bcf ended up being much larger than normal when compared to last year’s draw of 85 Bcf and the five-year average of 104 Bcf for the same time period. The reporting period had little to show for any notable fundamental news, but the first week of March is expected to bring some cold risks that will…

Since November, the 2018/2019 withdrawal season has seen quite the range of prompt month NYMEX swings, but after sixteen weeks into the season, prices seem to have finally leveled out. The somewhat bullish draw of 177 Bcf was slightly larger than most market expectations and historical values (134 Bcf last year and 148 for the five-year average) but shouldn’t do much to move the needle today. That being said, a…

Before getting into a new report showing an uptick in energy-related carbon dioxide emissions last year, let’s make sure we keep an eye on the big picture as it concerns U.S. CO2. These points: U.S. CO2 emissions have fallen to their lowest level in a generation – even as global emissions have risen 50 percent since 1990. The leading reason for this favorable trendline is increased use of natural gas in power generation.…

Natural Gas Storage Report  Withdrawal Season Week 15 (Week Ending February 8, 2019) After last week’s hefty 237 Bcf withdrawal, this week’s slightly bearish 78 Bcf pull managed to fall short of all market expectations, last year’s 183 Bcf draw, and the five-year average of 160 Bcf for the same time period. The aftermath of the short-lived polar vortex has indicated that supply over the reporting week was affected by freeze-offs…