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Monday, June 17, 2019

Random Comment On US Natural Gas Inventories -- June 17, 2019

A reader shows us again how incredible the natural gas "fill rate" has been so far this year. See this post for background.

How fast is the natural gas fill rate this year? Really fast.

For the week ending March 22, 2019 -- just a few weeks ago, US natural gas inventories were 20% below inventories one year earlier.

By June 7, 2019, most recent data available, US natural gas inventories are now 10% above those of last year.

There's a reason President Trump is unhappy with Europe linking with Russia for natural gas (Nord Stream 2). The US needs markets for all the natural gas it is producing.

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