Gas Inventories Hit an 11 Year Low

Gas Inventories Hit an 11 Year Low

According to Robert Rapier, Chief Investment Strategist for Investing Daily’s Energy Strategist Service, “this winter marked the sharpest decline trajectory and we have made the largest ever withdrawals from storage in history, and barring a sudden warm spell we are going to go into injection season with very low natural gas inventories.”

Rapier goes on to say that “this has implications. Why? Because historically a significant deviation of inventories from normal will have a lingering impact on natural gas prices.”

See his full post at: http://theenergycollective.com/robertrapier/354091/gas-inventories-reach-11-year-low

Rapier is forecasting that for a number of reasons natural gas is going to trade higher over the next 3-5 years, and this remarkable and “abnormal” situation with inventories will only exacerbate that trend.

With natural gas prices continuing to rise, building owners who have outdated and/or inefficient heating systems should consider an energy efficiency retrofit to bring down their energy costs. Thankfully, financing alternatives, such as those offered by Renew Energy Partners, allow building owners to make needed upgrades and retrofits without having to secure bank debt or use their cash reserves. To learn more, visit renewep.com.

2018-02-12T12:14:53+00:00 April 2nd, 2014|