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        Week Ending March 20th 2015 - Natural Gas Storage

          For the week ending 3/20/15, EIA reported an injection of 12 Bcf.  This injection was inthe range of forecasters’ expectations which ranged between 12-16Bcf.  This brings the total storage balance to 1,479 Bcf, which is 575 Bcf (63.6%) higher than last year’s balance and 194 Bcf (11.6%) lower than the five-year average.  Predictions for an ending balance in storage at the end of March have been lowered to between 1.4 and 1.5 Tcf.  The early prediction for the next w ...

        by Ginger Needham
        Thursday, 26 March 2015
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        Michigan Committee Chair Wants to End Electric Consumer Choice

        Aric Nesbitt, chairperson of Michigan’s House Energy Policy committee, introduced a bill to end 3rd party supply in Michigan. If the bill passes, consumers won't be able to pick their electric supplier anymore. Customers currently on 3rd party supply will have to return to the bundled packages their utilities offer.  Nesbitt’s proposed bill would end Michigan’s 15 years of competition in the electricity market. It would also guarantee a large majority of the sales to Mich ...

        by Kyle Wolff
        Monday, 23 March 2015
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        Natural Gas Pipeline Expansions in New England

          The last two winters New England endured volatile natural gas prices.  Natural gas prices have spiked because limited pipeline capacity in the region.  Heavy demand for natural gas during the winter months has spurred a debate over how to solve the situation.  Marcellus natural gas producers would love to deliver their supplies to this market, and new pipeline capacity needs to be built to accommodate the demand.  The problem is that this incremental deman ...

        by Ginger Needham
        Monday, 16 March 2015
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        Week Ending March 6th 2015 - Natural Gas Storage

         For the week ending 3/06/15, EIA reported a withdrawal of 198 Bcf.  This withdrawal was slightly above the range of forecasters’ expectations of188-192 Bcf.  This brings the total storage balance to 1,512 Bcf, which is 483 Bcf (46.9%) higher than last year’s balance and 225Bcf (13%) lower than the five-year average.  Predictions for an ending balance in storage at the end of March have been lowered to between 1.4 and 1.5 Tcf.  Analysts said sustained cold over the pas ...

        by Ginger Needham
        Thursday, 12 March 2015
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        Week Ending February 27th 2015 - Natural Gas Storage

         For the week ending 2/27/15, EIA reported a withdrawal of 228 Bcf.  This withdrawal was above the range of forecasters’ expectations which ranged between 222-226Bcf.  This brings the total storage balance to 1,710 Bcf, which is 492 Bcf (40.4%) higher than last year’s balance and 143Bcf (7.7%) lower than the five-year average.  Predictions for an ending balance in storage at the end of March are now between 1.5 and 1.6 Tcf.  The early prediction for next week’s storage ...

        by Ginger Needham
        Thursday, 05 March 2015
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        Week Ending February 20th 2015 - Natural Gas Storage

         For the week ending 2/20/15, EIA reported a withdrawal of 219 Bcf.  This withdrawal was below the range of forecasters’ expectations which ranged between 239-242Bcf.  This brings the total storage balance to 1,938 Bcf, which is 576 Bcf (42.3%) higher than last year’s balance and 30Bcf(1.5%) lower than the five-year average.  Predictions for an ending balance in storage at the end of March are now between 1.5 and 1.6 Tcf.  The early prediction for next week’s storage r ...

        by Ginger Needham
        Thursday, 26 February 2015
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        Week Ending February 13th 2015 - Natural Gas Storage

        For the week ending 2/13/15, EIA reported a withdrawal of 111 Bcf.  This withdrawal was slightly above forecaster’s expectations which ranged between 105-109Bcf.  This brings the total storage balance to 2,157 Bcf, which is 678 Bcf (45.8%) higher than last year’s balance and 58 Bcf (2.8%) above the five-year average.  Demand for natural gas for this week fell from the previous week due to lower residential and commercial usage.  Even though it was cold and snowy in the Nort ...

        by Ginger Needham
        Thursday, 19 February 2015
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        Week Ending January 30th 2015 - Natural Gas Storage

         For the week ending 1/30/15, EIA reported a withdrawal of 115 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 114-118 Bcf.  This brings the total storage balance to 2,428 Bcf, which is 468 Bcf (23.9%) higher than last year’s balance and 29 Bcf (-1.2%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be above the 5-year average and below last year’s numbers.  Natural gas ...

        by Ginger Needham
        Thursday, 05 February 2015
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        Week Ending January 23rd 2015 - Natural Gas Storage

        For the week ending 1/23/15, EIA reported a withdrawal of 94 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 102-106 Bcf.  This brings the total storage balance to 2,543 Bcf, which is 324 Bcf (14.6%) higher than last year’s balance and 79 Bcf (-3.0%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be below the 5-year average and below last year’s numbers.  The 6-10 day outloo ...

        by Ginger Needham
        Thursday, 29 January 2015
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        Week Ending January 16th 2015 - Natural Gas Storage

        For the week ending 1/16/15, EIA reported a withdrawal of 216 Bcf.  This withdrawal was below the range of forecaster’s expectations which ranged between 222-226 Bcf.  This brings the total storage balance to 2,637 Bcf, which is 199 Bcf (8.2%) higher than last year’s balance and 153 Bcf (-5.5%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be below the 5-year average and below last year’s numbers.  Weather forecasts ...

        by Ginger Needham
        Thursday, 22 January 2015
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        Week Ending January 9th 2015 - Natural Gas Storage

         For the week ending 1/9/15, EIA reported a withdrawal of 236 Bcf.  This is the first withdrawal over 200 this season.  This withdrawal was above the range of forecaster’s expectations which ranged between 224-228 Bcf.  This brings the total storage balance to 2,853 Bcf, which is 282 Bcf (11.0%) higher than last year’s balance and 113 Bcf (-3.8%) lower than the five-year average.  Early predictions for the next storage report are for withdrawals to be in line with the ...

        by Ginger Needham
        Thursday, 15 January 2015
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        Week Ending January 2nd 2015 - Natural Gas Storage

        Happy New Year!!  This is the first blog of 2015.  For the week ending 1/2/15, EIA reported a withdrawal of 131 Bcf.  This withdrawal was above the range of forecaster’s expectations which ranged between 117-121 Bcf.  This brings the total storage balance to 3,089 Bcf, which is 250 Bcf (8.8%) higher than last year’s balance and 67 Bcf (-2.1%) lower than the five-year average.  Early predictions for the next two storage reports are for withdrawals to be in line with the ...

        by Ginger Needham
        Friday, 09 January 2015
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        Week Ending December 12th - Natural Gas Storage

         For the week ending 12/12, EIA reported a withdrawal of 64 Bcf.  This withdrawal was on the high end of the range of forecaster’s expectations which ranged between 60-64 Bcf.  This brings the total storage balance to 3,295 Bcf, which is 6 Bcf (.2%) higher than last year’s balance and a deficit of 258 Bcf (-7.3%) to the five-year average.  Early predictions for the next two storage reports are to be on the bearish side, below both the year-on-year and five year averages.&nb ...

        by Ginger Needham
        Monday, 22 December 2014
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