In fact, here's the story -- I went over and looked at it:
- U.S. natural gas prices have risen by a third since hitting a two-decade low in the first quarter, amid signs supply and demand are rebalancing and excess stocks left over from an unusually warm winter are being worked down.
- The volume of gas in working storage hit a record 4.01 trillion cubic feet in November 2015 and is still at 3.18 trillion cubic feet, according to the U.S. Energy Information Administration.
- Gas stocks are 513 billion cubic feet (19 percent) higher than in the same week in 2015. But the build has shrunk steadily from a record 1.014 trillion cubic feet (69 percent) in March.
Also at Twitter, Steve Kean at EIA says "natural gas exports to Mexico are booming at a record level of about 3.6 bcf/day.
Also at Twitter from the EIA: global energy intensity continues to decline. "Intensity" is defined as "BTUs/trillion dollars GDP." The graphic:
- World average: from 8.1 quadrillion BTUs/$1 trillion GDP in 1990 to 5.8 in 2015 (a 28% drop)
- OECD countries: from 7.2 quadrillion BTUs/$1 trillion GDP in 1990 to 5.2 in 2015 (a 28% drop)
- non-OECD countries: from 9.8 quadrillion BTUs/$1 trillion GDP in 1990 to 5.9 in 2015 (a 40% drop)
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