The natural gas storage report from the EIA for the week ending February 5th indicated that the amount of natural gas held in underground storage in the US fell by 171 billion cubic feet to 2,518 billion cubic feet by the end of the week, which left our gas supplies 9 billion cubic feet, or 0.4% below the 2,527 billion cubic feet that were in storage on February 5th of last year, and 152 billion cubic feet, or 6.4% above the five-year average of 2,366 billion cubic feet of natural gas that have been in storage as of the 5th of February in recent years..the 171 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 175 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but way more than the 121 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 125 billion cubic feet of natural gas that have ty
Staff Writer
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A panel of experts from the think tank Ohio River Valley Institute discussed the oil and gas industry and potential cracker plant at Dillies Bottom this week. Panelists expressed doubts about the economic future of the industry and its benefit to local residents.
ST. CLAIRSVILLE An organization affiliated with environmentalist groups says it soon will produce studies suggesting that the oil and gas industry is on an economic decline and that a proposed ethane cracker plant should not become a reality in Eastern Ohio.
Panelists from the Ohio River Valley Institute, a think tank focused on “lasting job growth, clean energy, and more inclusive civic structures for northern Appalachia,” held a discussion Wednesday. Speakers at the economic forum included: Kathryn Hipple, professor of finance at Bard College and former financial analyst with the Institute for Energy Economics and Financial Analysis; John Hanger, energy consultant and former Pennsylvania