Nat Gas News – September 21, 2017

Nat Gas News – September 21, 2017

Optimistic Estimates of U.S. Natural Gas Resources Are Actually Conservative

Forbes reports: Optimism about natural gas supplies tends to receive scorn in some quarters, as in “Shale gas magical thinking remains strong but the paradigm of infinite, cheap supply is no longer working.” Those who project long-term low prices and abundant supplies are said to have “drunk the Kool-Aid of ever-increasing natural gas supplies.” Resource estimates have drawn particular scorn. One target: the Potential Gas Committee’s estimate of U.S. natural gas resources, which was reported as indicating a 100-year supply. Not so, the critics said, it’s a fraction of that. “The numbers hide an enormous gulf of uncertainty. … Even that comparably modest estimate of 11 years’ supply may be optimistic.” One noted pessimist stated that there was really only 6 years of supply; of course, that was seven years ago. For more on this story visit forbes.com or click the following link http://bit.ly/2xxbIuu

U.S. Natural Gas Futures Pause for Breath After Rallying to 4-Month High

Investing.com reports: U.S. natural gas futures were stable on Tuesday, pausing for breath after rallying to a four-month peak in the prior session amid bullish weather forecasts and a flurry of tropical storm activity in the Atlantic. Futures climbed 4%, on Monday, as updated forecasts pointed to unusually warm weather in key gas-consuming regions in the U.S. in the week ahead. Market participants also looked ahead to weekly storage data due on Thursday, which is expected to show a build in a range between 82 and 92 billion cubic feet in the week ended September 15. Despite recent gains, natural gas futures look set to remain on the back foot in the weeks ahead as traders react to the reality that the end is near for higher summer demand. For more visit investing.com or click http://bit.ly/2fbPzrc