Friday, August 7, 2009

Natural Gas Report: 10 Weeks to Overflow

Natural gas inventories were reported today. Here is a comparison between 2009 and where we were in 2008:

The storage curve still looks awful. At the latest rate (66Bcf/week), the storage will be the same as the maximum of 2009 in 6 weeks, sometime in September. Last year this peak was around November.

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