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128 comments on DrumBeat: September 14, 2008

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Leanan on September 14, 2008 - 9:55am Permalink | Subthread | Parent | Comments top

I suspect that's true of everyone. Summer is traditionally the time of year when natural gas is stockpiled, for use during winter. So stocks should be near their peaks now.

We may end up paying for it in March, but I don't expect problems now. Outside the direct impact zone, of course.

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jteehan on September 14, 2008 - 11:52am Permalink | Subthread | Parent | Comments top

Hi,

We're currently at 2905 Billion, which is 2.9% above the 5 year avg. Five year peak is around 3500 Billion. No national crisis yet.

The fall and winter following Katrina/Rita was the warmest on record in the US. Which is why we got through that year. Lightning may need to strike twice.

http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

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rainsong on September 14, 2008 - 3:12pm Permalink | Subthread | Parent | Comments top

Natural gas storage usually peaked in October. Natural gas was used for peak power load generation during air conditioning season. With rising electricity prices some households may be cutting back on electrical usage. Those compact florescent bulbs might save as more than $100 a piece in electric bills over ten years of usage. Very high return on capital invested.

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128 comments on DrumBeat: September 14, 2008

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