Nat Gas News – November 14, 2018
Nat Gas News – November 14, 2018
Natural Gas Soars 20% in U.S. on Concerns About Winter Supplies
Bloomberg reported: Natural gas soared the most in nine years as forecasts for lingering U.S. cold spurred concern that supplies may not be adequate to meet demand over the winter. Gas for December delivery rose as much as 20 percent to $4.929 per million British thermal units, the highest since February 2014, when a “polar vortex” brought an arctic chill to the Midwest and East. The volume of trading on the New York Mercantile Exchange was more than seven times the 100-day average. It was only on Tuesday that gas exceeded the $4 mark for the first time in four years. The rally also comes amid turmoil in international crude markets, with U.S. benchmark prices falling 7.1 percent Wednesday. But although the autumn chill has helped push gas higher, the magnitude of Wednesday’s rally suggests traders aren’t just reacting to weather forecasts and supply estimates, according to Mizuho Securities USA LLC. While money managers are net-long in gas contracts, short positions rose as recently as last week, government data show. For more on this story visit bloomberg.com or click https://bloom.bg/2QINXq0
New Technology Promises Natural Gas With No Emissions
US News reported: DROP INTO AN ENERGY conference or strike up a conversation about the any-day-now clean energy revolution, and inevitably the conversation will turn to “baseload” power: the search for an energy source that can churn out cheap, reliable, zero-emissions electricity at large scale – something able to replace polluting coal and gas plants without the intermittency of solar and wind. Nuclear may have once held such a promise but for concerns about safety, government oversight, nuclear waste, and, most recently, astronomical construction costs. Now, however, a new technology has arrived – one that may finally claim the mantle of clean, emissions-free baseload power, even as it stokes consternation among environmental groups. For more on this story visit usnews.com or click https://bit.ly/2QHyRRw
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