fareastwarriors Posted January 7, 2014 Posted January 7, 2014 http://www.bloomberg.com/news/2014-01-07/speculators-cut-natural-gas-wager-on-fading-polar-blast-energy.html Speculators Cut Natural Gas Wager on Fading Polar Blast
fareastwarriors Posted January 9, 2014 Posted January 9, 2014 http://www.bloomberg.com/news/2014-01-09/natural-gas-drops-third-day-on-forecasts-for-warmer-u-s-weather.html
txlaw Posted January 17, 2014 Posted January 17, 2014 http://www.nationaljournal.com/daily/europe-to-america-we-want-your-gas-20140116
yadayada Posted January 17, 2014 Posted January 17, 2014 there should be alot of increase in demand from china for natural gas right? Because its much cleaner then coal, and they got a real pollution problem.
Cardboard Posted January 19, 2014 Author Posted January 19, 2014 Some businesses on propane rationing in Quebec from solid contacts. Cardboard
yadayada Posted January 19, 2014 Posted January 19, 2014 http://www.stockgumshoe.com/reviews/energy-strategist/my-1-lng-tanker-stock-to-buy-now-energy-strategist/ makes a pretty compelling argument to invest in LNG tankers.
skanjete Posted February 13, 2014 Posted February 13, 2014 Storage levels now a third lower than last year! They are at the moment lower than at their lowest point last year, and we still have some winter weeks to go... http://ir.eia.gov/ngs/ngs.html
fareastwarriors Posted February 20, 2014 Posted February 20, 2014 Asian Tigers Stalk U.S Gas as Louisiana Shale Profits Taper http://www.bloomberg.com/news/2014-02-20/asian-tigers-stalk-u-s-gas-as-louisiana-shale-profits-taper.html
brker_guy Posted February 21, 2014 Posted February 21, 2014 Cracked: 15 Things to Know About Gas, Money and Power http://www.bloomberg.com/slideshow/2014-02-21/cracked-20-things-to-know-about-gas-money-and-power.html#slide1
txlaw Posted March 3, 2014 Posted March 3, 2014 http://www.nationaljournal.com/daily/europe-to-america-we-want-your-gas-20140116 http://www.bloomberg.com/news/2014-03-02/russia-gas-threat-shows-putin-using-pipelines-to-press-ukraine.html It's beyond me why we (the U.S.) are moving at such a glacial pace with regards to nat gas and petroleum exports.
lisg Posted March 3, 2014 Posted March 3, 2014 http://www.nationaljournal.com/daily/europe-to-america-we-want-your-gas-20140116 http://www.bloomberg.com/news/2014-03-02/russia-gas-threat-shows-putin-using-pipelines-to-press-ukraine.html It's beyond me why we (the U.S.) are moving at such a glacial pace with regards to nat gas and petroleum exports. It could be the right people in power are listening to our best advisers: http://seekingalpha.com/article/1574232-charlie-munger-energy-independence-is-dumb
txlaw Posted March 3, 2014 Posted March 3, 2014 http://www.nationaljournal.com/daily/europe-to-america-we-want-your-gas-20140116 http://www.bloomberg.com/news/2014-03-02/russia-gas-threat-shows-putin-using-pipelines-to-press-ukraine.html It's beyond me why we (the U.S.) are moving at such a glacial pace with regards to nat gas and petroleum exports. It could be the right people in power are listening to our best advisers: http://seekingalpha.com/article/1574232-charlie-munger-energy-independence-is-dumb I'm a big Charlie Munger fan, but he's dead wrong on this issue. The geopolitical benefits of accelerating the creation of a global natural gas market, and exporting a ton of oil from the US (which won't be part of any energy cartel), far outweighs some notion that we should be hoarding hydrocarbons because of potential food supply issues. Furthermore, I think he's just wrong that hydrocarbons will be in short supply and prices will skyrocket. I believe that we should extract as fast as possible, get everyone in the world more industrialized, and use the wealth that is created to accelerate a century-long switch to renewables. As renewables substitute for fossil fuels, I wouldn't be surprised if prices stay relatively stable as the supply/demand equation for fossil fuels changes. "Energy independence" is not really the issue. The point is to create a global natural gas market, which is the exact opposite, and to drive price down for oil through markedly increased supply that isn't subject to OPEC shenanigans.
txlaw Posted March 4, 2014 Posted March 4, 2014 http://www.bloomberg.com/news/2014-03-04/ukraine-seen-building-support-for-u-s-natural-gas-export.html
Liberty Posted March 4, 2014 Posted March 4, 2014 http://www.bloomberg.com/news/2014-03-04/ukraine-seen-building-support-for-u-s-natural-gas-export.html Yeah, a recent Economist issue also had something about this. Seems to make complete sense over the mid-term; the best way to reduce Russia's influence is to create a more liquid and more responsive global market for oil and especially natural gas. (the responsive part is about how it takes so much more drilling with shale, so you can more easily modulate the number of wells you're drilling to respond to supply shocks).
txlaw Posted March 4, 2014 Posted March 4, 2014 http://www.nationaljournal.com/energy/white-house-walks-line-between-energy-production-and-climate-issues-20140304 http://www.nationaljournal.com/energy/republicans-ukraine-crisis-builds-case-for-natural-gas-exports-keystone-20140303 http://www.nationaljournal.com/energy/crude-oil-export-battle-flares-with-dueling-reports-20140303 GOP report referenced in the second article is attached.20140204LNGexports.pdf
sculpin Posted March 6, 2014 Posted March 6, 2014 If anyone cares, here is Citi’s & First Energy’s latest on natural gas. Many of the small & mid cap gas weighted companies have been out of favour for years & were definitely the contrarian bet in the last few years. Many have rallied but could advance significantly more if NG stays priced $4.50 or higher over the rest of 2014. Higher NG prices should be great for Western Cdn tax revenues and all the other spin off benefits from the higher pricing in other parts of the economy. Weekly Canadian Natural Gas Supplement Analyst: Martin King Associate: Elaine C. Williams The enormous volatility of the past month for Aeco pricing has placed the average spot price for the month of February at Cdn$7.36 per mcf. This is the highest monthly average price since August 2008 (Cdn$7.42 per mcf) and the highest February average since 2008 (Cdn$7.89 per mcf). Western Canada storage is at its lowest level for this time of year since 2006, with withdrawals still running north of 2 bcf/d for Alberta. Since the start of November 2013, the cumulative withdrawal from Western Canada storage has reached 362 bcf, easily an all time record and smashes the previous cumulative record (for the entire heating season!) of 318 bcf set in 2010-11. Weekly U.S. Natural Gas Storage Update Analyst: Martin King Associate: Elaine C. Williams Our forecast for this week’s storage report is for a withdrawal of 134 bcf. The price meltdown of last week, the greatest seen in 16 years, was probably more a function of the unwinding of managed money positions than expectations for a dramatic moderation in temperatures or a collapse in demand. The magnitude and the speed of the price collapse should not be read as a collapse of the price bullish story for 2014. We feel that prices have returned to more normalized levels and that the market is clearly coming to grips with a storage exit for March that will be the lowest in a decade. Based on forecast degree days, we expect next week’s report to show a withdrawal between 170 and 190 bcf. Citi The market needs more rigs and rain The market may need more than hopeful signs of production growth and precipitation on the West Coast to replenish depleted gas inventories. The end-of-March storage is now expected to fall to ~875-Bcf, 950-Bcf lower than the 5- year average and 800-Bcf lower than last year’s level. Eliminating these deficits requires excess gas to be made available for injection from Apr to Oct: 4.5-bcf/d vs. the 5-year average storage level and 3.7-Bcf/d vs. 2013’s level. Hence, strong production growth this year is critical. It is helpful that production edged higher w/w, from Oklahoma and the Rockies to the Northeast, as weather turned milder, leading to a decline in well freeze-offs. But in spring and summer, higher gas demand for industrials (up 0.6-Bcf/d y/y) and a drop in gas imports from Canada (down 0.6- Bcf/d y/y) should boost this excess gas requirement by an additional ~1.2-Bcf/d. Northeast production is both counted on but constrained at the same time. The Northeast has to drive production growth nationally to refill depleted gas inventories but current production is still stuck at just under ~14.2-Bcf/d, nearly flat to the Dec’13 level. Looking ahead, the Northeast appears to have the capacity to grow production by about 3-Bcf/d y/y before hitting infrastructure constraints preventing further gains. ( Strong precipitation in recent days raised the expected Pacific Northwest hydro generation through June, but this relief to gas demand is far from enough to resolve the supply-demand tightness in spring and summer. Nearly two weeks ago, lower Pacific Northwest hydro generation was expected to boost gas demand by ~30-Bcf y/y, which is not insignificant in an already tight market. (See the note Impact of the West Coast Drought joint with Citi’s Utilities team.) Although recent precipitation events have erased this y/y difference based on a dam-by-dam analysis, the expected end-of-March storage has also fallen by more than 120-Bcf since then, more than erasing the improvement in west hydro. Offsetting these signs of a looser market is the sharp reduction in Canadian gas inventories, now nearly 300-Bcf below last year’s level. 1.4-Bcf/d of excess supply from Apr to Oct would be needed to refill storage. As mentioned above, gas exports from Canada to the US should fall by 0.6-Bcf/d y/y, but this assumes strong enough production growth in Canada to meet domestic demand growth (e.g. oil sands production) and refill storage. Stronger west hydro helps to ease the demand for Canadian gas exports to the West Coast, but the support to AECO prices remains due to low Canadian gas storage. Any shortfall may have to come from cuts to gas exports to the US, thereby tightening the US gas market further. For this week, Citi estimates a 140-Bcf inventory withdrawal vs. a draw of 95- Bcf last week and a draw of 146-Bcf last year. A rise in national HDDs from 158 to 198 pushed up demand by about 7-Bcf/d, mainly in the residential and commercial sector, but electric heating was also seen to be higher w/w.
skanjete Posted March 7, 2014 Posted March 7, 2014 This picture says it all : http://ir.eia.gov/ngs/ngs.html The picture was gone, so I posted the link.
fareastwarriors Posted April 3, 2014 Posted April 3, 2014 Old Math Casts Doubt on Accuracy of Oil Reserve Estimates http://www.bloomberg.com/news/2014-04-03/old-math-casts-doubt-on-accuracy-of-oil-reserve-estimates.html
fareastwarriors Posted April 22, 2014 Posted April 22, 2014 ‘Saudi America’: Mirage? Challenges Lie Ahead for North American Oil Production http://www.nytimes.com/2014/04/22/business/energy-environment/challenges-lie-ahead-for-north-american-oil-production.html?ref=businessspecial2&ref=business&_r=0
brker_guy Posted April 23, 2014 Posted April 23, 2014 Natural gas gets a pressure test at 270mph http://www.bbc.com/autos/story/20140421-natural-gas-at-270mph
txlaw Posted May 2, 2014 Posted May 2, 2014 Milken Institute: The Natural Gas Economy http://www.milkeninstitute.org/events/gcprogram.taf?function=detail&EvID=4840&eventid=GC14 Good stuff. Here's the panel: -Ralph Eads III , Vice Chairman, Jefferies LLC -Stephen Green, Vice President, Policy, Government and Public Affairs, Chevron Corporation -John Hickenlooper, Governor, State of Colorado -Fred Krupp, President, Environmental Defense Fund
txlaw Posted May 2, 2014 Posted May 2, 2014 Also, May/June 2014 issue of Foreign Affairs is called Big Fracking Deal. Worth reading.
phil_Buffett Posted May 5, 2014 Posted May 5, 2014 http://video.cnbc.com/gallery/?video=3000272515 Charlie munger on exporting nat gas
fareastwarriors Posted May 28, 2014 Posted May 28, 2014 Are We Underestimating America's Fracking Boom? Check Out Sasol's Energy Complex in Lake Charles, La. http://online.wsj.com/articles/are-we-underestimating-americas-fracking-boom-1401234486?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird
fareastwarriors Posted September 4, 2014 Posted September 4, 2014 Trader Who Scored $100 Million Payday Bets Shale Is Dud http://www.bloomberg.com/news/2014-09-03/trader-who-scored-100-million-payday-bets-shale-is-dud.html
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