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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