Natural Gas Supplies Fall In Past Week
Natural gas inventories fell by 66 billion cubic feet to stand at 3,422 billion cubic feet in the week ended Nov. 21, the Energy Deptartment’s Energy Information Administration reported.
According to a survey done by the research firm Platt’s, analysts expected a drop of only 43 to 48 billion cubic feet.
After the report was released, natural gas prices jumped on the NYMEX (New York Mercantile Exchange).
About the Author
Samuel R. Avro is the founder and Editor-In-Chief of Consumer Energy Report. Sam believes that a lot more can be done about the energy problem the world is currently facing. First and foremost, the public must be made aware of all the available options. He firmly believes that the most realistic method of achieving this on a large-scale basis is to report the news for the public to read and discuss. When he isn't too busy covering the energy industry, as a New York area resident, Sam is always willing to take part in a discussion about his World Champion New York Yankees. Motto: Dissemination of information is the key!
