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| Monday Oct 17, 2016 | |
| Since the first of the month, the weather in Calgary, AB has been well below normal for this time of year. In fact, we have seen over half the days this month recording double digit below normal average temperatures. Figure 1 | Temperatures Across Canada - Actual and Forecast, Delta Deviations from Normal You can see in the graph above, there is quite a difference in what is going on in Western Canada (Calgary) compared to the Eastern side (Toronto). This type of deviation from normal in Calgary and other parts of Alberta has impacted the demand in the ... » read more | |
| Friday Oct 14, 2016 | |
| I recently took a trip to Houston to discuss renewable opportunities with some wholesale folks at banks and power marketing companies. While I was there I spent some time with a former colleague who now works for a firm that, among other things, invests in distressed energy companies. This friend asked me the following question: “With the massive, unprecedented build out of the US renewable fleet, how has so much capital been destroyed in the renewable energy sector?” I didn’t have a ready answer to this simple question. I’ve been walking ... » read more | |
| Thursday Oct 13, 2016 | |
| It is that time of year in the Pacific Northwest, when the overnight lows start to drop into the upper 30's while daytime highs are in the low 60's. Wind is volatile while the precipitation pattern starts to transition from almost nothing to days when the rain is coming down so hard that the rain gutters on the street (clogged with leaves) are flooding most intersections. That time is this weekend as the precipitation forecast is calling for over 5 inches of rain over the next 5 days. Figure 1 | Northwest River Forecast Center Precipitation - Thursday ... » read more | |
| Wednesday Oct 12, 2016 | |
| Starting in early September we typically see the HDD count across the country begin to grow as the nation slides into fall. However, this year has been characterized by above normal temperatures weak HDD growth. Figure 1 displays the previous two year's gas weighted daily HDD count in the top portion of the graph (line segments) and the deviation from normal in the bar graph at the bottom of the graph. As you can see, the last two years have seen a similar growth through September both falling behind normal from the start of September. In ... » read more | |
| Tuesday Oct 11, 2016 | |
| At EnergyGPS, we have always tried to respond to the demands of our customers. This is why we have put together a new morning report focused on the South Central region of the country. ERCOT and SPP power markets have seen large changes in renewables additions, coal retirements and power burns over the past years making this a very dynamic market to monitor. The natural gas space is as complex as any in the world. Onshore production, offshore production, salt storage and pipeline infrastructure expansions make this area one of constant change. We cover these topics ... » read more | |
| Monday Oct 10, 2016 | |
| Today is Columbus Day, which remembers the voyage by one Christopher Columbus to the new land (America). I could not help but think about what it would be like on his boat as he navigated his way over the Atlantic Ocean fighting off storm after storm and actually make it to land. The reason for this thought was due to Hurricane Matthew making landfall in the Carolinas over the weekend. As a result of the high winds and rain, over a million households and businesses were left without power. If you watched any college football games along the ... » read more | |
| Friday Oct 7, 2016 | |
| Prime Minister Justin Trudeau took Canadian provinces by surprise Monday by announcing they have until 2018 to adopt a carbon pricing plan. If not the Canadian government will step in and impose a price for them. A tough-talking Trudeau told the House of Commons that provinces can craft a cap-and-trade system or put a direct price on carbon pollution — provided it meets the federal carbon floor price. "If neither price nor cap and trade is in place by 2018, the government of Canada will implement a price in that jurisdiction," he said. Trudeau ... » read more | |
| Thursday Oct 6, 2016 | |
| While production has trended down across the country for most of the summer, we saw a dramatic change this weekend that may cause ripples at least until we get into the winter months. Coming out of summer, power burns in the east started to move back to seasonal normal. As demand started to wane, the overall supply - demand balance started to loosen creating an oversupplied condition in the daily pipeline balancing. Normally there would be storage capacity available to soak up excess gas keeping pipeline pressures in check. After last years warm winter, there is a ... » read more | |
| Wednesday Oct 5, 2016 | |
| Over the past year we have seen an unseasonably warm winter stifled heating demand and as a result the gas storage levels were well above last years levels come the spring. Thanks to an especially warm summer, power burns across the country picked up and the massive storage has been drastically diminished. According to the most recent EIA weekly gas report, national storage reached 3,600 BCF for week ending 9/23/2016 which is only 90 BCF above 2015. Figure 1 | EIA Total US Natural Gas Storage - YoY Breaking down storage by ... » read more | |
| Tuesday Oct 4, 2016 | |
| Everywhere I turn, it seems like there is some sort of pumpkin offering front and center. For example, dropping into Starbucks, the chalkboard read 'Come and Enjoy your Pumpkin Latte'. As you walked up to order, there sits a pumpkin scone with its thick icing ready for you to say please give me one of those. For those of you who have lived in Oregon and parts of Washington, you know Burgerville well. The healthy 'fast-food' regional chain prides itself by shopping local and having some seasonal item on their menu at all times. Throughout ... » read more | |