Summer NatGas Storage Injections Exceed 5-Yr Avg by 66 Bcf
One of the factors in the price of natural gas is supply. Gas is about as pure a commodity market as you will find worldwide. Higher demand with the same or less supply will drive prices higher. And the reverse is true. Higher supplies with the same or less demand lead to lower prices. Last summer, the world was still coming to terms with the unprovoked invasion of Ukraine by Russia. Europe and many countries worldwide pledged to stop buying Russian natural gas, putting an extreme demand on other sources for gas, including here in the U.S. The situation led to a deficit in available natgas and lower storage. This summer the situation is far different.
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The New York Independent System Operator (NYISO) is warning of a shortfall in electric generating capacity for New York City in 2025 when peaker plants–on-demand electric-generating plants that use fossil energy–are due to retire. Each quarter NYISO issues a short-term assessment of reliability. In April, the NYISO quarterly report warned about coming blackouts in 2025 (see 
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In early June, shale drillers could, for the first time, begin to apply for permits to drill under (not on top of) Ohio state lands and state parks under newly formulated rules established by the Ohio Oil & Gas Land Management (OGLM) Commission (see 
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