U.S. Hits New All-Time, Record-High NatGas Consumption in January
For climate change catastrophists and “peak gas” proponents who read MDN, please tell us yet again how natural gas (and oil) are on the way out. Remind us of how unreliable renewables are taking the country by storm and that pretty soon (any year now), we won’t need natgas anymore. We need a good laugh! Here’s the reality: On January 16, 2024, the U.S. Lower 48 states consumed 141.5 billion cubic feet (Bcf) of natural gas, exceeding the previous record set on December 23, 2022. That is a new, all-time, record-high natural gas consumption record in this country for a single day. So yes, tell us again how natgas is quickly fading away (LOL)…
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U.S. natural gas and power prices hit multi-year highs in mid-January with the prospect of frigid temps and snow storms in various portions of the country (see 
Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke good-natured fun at the EIA because their predictions go up in one month, and in the next month, they go down, etc. What about the latest STEO dart board, published yesterday? It won’t surprise you to read that due to warmer weather, the EIA prognosticators believe the average Henry Hub natural gas spot prices will remain “subdued” around $2.40/MMBtu in February and March. What about for the entire year?
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Duke Energy is a Fortune 150 company headquartered in Charlotte, N.C., and is one of America’s largest energy holding companies. Last summer, Duke announced plans to build a new gas-fired power plant in Person County, NC. The company recently announced it wants to double it — build a second big gas-fired plant at the same location (see 
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