Updates
June 27, 2020: link to EIA, US natural gas storage capacity.
June 27, 2020: see comments. From a reader:
Footnote: it was the most natural gas added to storage during any June week in the modern record, and the 3rd largest natural gas storage increase in the past decade...
Natural gas prices fell to a 25-year low after the report on fears we'd run out of cavern space to store the stuff...
Original Post
Link here.
After report, natural gas plunges to all-time low.
Looks like the shaded part of the graph may soon change.
footnote: it was the most natural gas added to storage during any June week in the modern record, and the 3rd largest natural gas storage increase in the past decade...
ReplyDeletenatural gas prices fell to a 25 year low after the report on fears we'd run out of cavern space to store the stuff..
LOL. I never even thought about that -- and I'm sure if I didn't think about that, neither did 95% of Americans -- that we could actually run out of places to store natural gas. That is simply amazing.
DeleteIt is very difficult to find an article on this subject. Google searches on crude oil storage predominate. But here's the EIA link:
https://www.eia.gov/naturalgas/storagecapacity/