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Recap of EIA Short Term Energy Outlook on Natural Gas

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The U.S. Energy Information Administration (EIA) published its monthly short term energy outlook this past week.  We will highlight the major projections that affect the energy markets and compare with what they published the previous month. 

Natural Gas consumption is expected to average 69.9 billion cubic feet per day (Bcf/d) in 2012.  If this forecast is accurate it would be a increase of 3.3 Bcf/d or 4.9% from 2011.  This increase in consumption will be a function of increased use of natural gas in the electric power sector.  The increased consumption is believed to grow by 21% in 2012. …
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Mercury Rising

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The NYMEX prompt-month contract (August) recently settled at a six-month high on the back of extremely hot weather that has boosted cooling load for homes and businesses from the Midwest to the East Coast. Cities such as St. Louis have broken the 100 degree barrier every day in July thus far and ComEd in Chicago posted a record load for June.

Prices are up over 50% since setting a 10-year low of $1.82 back in April and since mid-June the prompt-month contract has risen over +70 cents or 32%.  Besides weather related load growth, prices have been supported by…
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EIA Reports Natural Gas Stocks Climb for First Time this Year

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The Energy Information Administration reported natural gas stocks climbed by 11 Bcf in the week ending March 16, slightly higher than the market consensus. 

Thursday’s report marks the first injection since November 2011 and likely the end of winter 2011/2012 withdrawal season.  Traditionally, the winter heating/withdrawal season is from November through March.  The first injection of 2012 comes about two weeks earlier than normal and pushes total inventories to 2,380 Bcf, further expanding the year-over-year surplus. 

Following the report, natural gas futures fell as the continued supply overhang weighs on prices.  For the remaining two weeks in March…
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Manufacturers Association of Maine Offers Complete Energy Management Portfolio to Members

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It’s been a couple of weeks since we announced that Constellation Energy was named the preferred electricity supplier of the Manufacturers Association of Maine (MAMe). But we are just as excited now as we were then.

Now MAMe – a statewide industry association representing more than 360 manufacturing, corporate, affiliate and student members – offers its members a complete portfolio of energy management products. By having access to a wide array of products and services including electricity supply options, renewable energy certificates, and load response programs, MAMe members can develop and strengthen existing buying strategies to meet…
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