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Oil, Gas, And Fracking News Reads: 13December 2020

the natural gas storage report from the EIA for the week ending December 4th indicated that the quantity of natural gas held in underground storage in the US decreased by 91 billion cubic feet to 3,848 billion cubic feet by the end of the week, which left our gas supplies 309 billion cubic feet, or 8.7% higher than the 3,539 billion cubic feet that were in storage on December 4th of last year, and 260 billion cubic feet, or 7.2% above the five-year average of 3,588 billion cubic feet of natural gas that have been in storage as of the 4th of December in recent years..the 91 billion cubic feet that were drawn out of US natural gas storage this week was higher than the average forecast from an S&P Global Platts survey of analysts who expected a 78 billion cubic foot withdrawal, and was also much higher than the average withdrawal of 61 billion cubic feet of natural gas that are typically pulled out of natural gas storage during the same week over the past 5 years, and the 57 billion ....

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2:00PM Water Cooler 12/10/2020 | naked capitalism

Bird Song of the Day
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
Returning to the upward trend. I feel I’m engaging in a macabre form of tape-watching, here, and I hate to see the upward rise, because I don’t think the peak is coming in the next days, or even weeks.
I thought I’d look at some big states (New York, Florida, Texas, California) instead of the Midwest:
The big states all moving more-or-less in tandem now, with California sprinting ahead; perhaps spread was nationalized with colleges and universities opening and closing? The correlation seems to happen around 63 days ago (October 1). ....

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