EIA Report Predicts NatGas Will Average $2.59/MMBtu This Winter

Our favorite government agency, the U.S. Energy Information Administration (EIA), publishes mountains of data and reports and analysis each day/week/month/year. So much if we did nothing but brought you only stuff published by EIA it would fill our daily reports! We always struggle with how much to share from the EIA. We bring you the monthly DPR (Drilling Productivity Report) because it details EIA’s predictions about what the seven major U.S. shale plays will produce in both oil and gas in the coming month (see the latest one published yesterday, EIA November DPR: Marcellus Production Down Again, Utica Increases). A report also just released is the monthly Short-Term Energy Outlook, a report that looks at the recent history of oil, natural gas, coal, renewables, etc., and predicts what will happen in the coming months/up to one year out. Below we’ve pulled and display the “Highlights” section along with the full section for natural gas. We also include a copy of the full report. It’s important to have the entire context in which natural gas (and oil) exists. We don’t live in a vacuum. The price and abundance (or scarcity) of other forms of energy influence the price and availability of natural gas and oil. Less coal coming? Likely means more natgas. More solar and wind capacity coming online? Likely means less natural gas. The energy market is fascinating and complex and shale energy is but one piece of a very large puzzle. This report helps us wrap our brains around it…

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