Utilities Now Depend More on Pipelines, Less on NatGas Storage

A recurring theme (broken record) over the past few months has been, “Natural gas storage is too low, far lower than last year and far below the five-year average–prices will have to skyrocket any day now!” That’s been the meme by traders and industry watchers. We keep saying things have fundamentally changed–that drillers can open the spigots any time they want and let it flow. Don’t believe us? Then maybe you will believe the American Gas Association.

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