Exploring Hydrocarbon Depletion
GoghGoner wrote:Quite a drawdown! Where is all of that Marcellus production? LOL!
Weather forecasts turns colder after next week, if we see a couple of arctic blasts, hold on to your hats.
ROCKMAN wrote:vt - "Is that a given considering the incoming Trump administration?". I would assume so since I believe the caffeine fiend was referring to coal fired plants that have been decommissioned and wouldn't be available regardless of who the POTUS might be. By speaking of burning coal: are you aware that more US coal was produced in one year under President Obama then any other POTUS in history?
And speaking of NG prices/supplies sometimes the problem isn't the amount available in storage but insufficient pipeline capacity to make deliveries to the end users. I recall during a past winter when New England got hit really hard and they couldn't get NG to Boston fast enough so a local utility bought a couple of tanker loads of LNG from the spot market for around $22/MCF. Way above the price of pipeline supplies. Same problem with propane in another very cold snap: lots of propane in storage but not enough delivery trucks to get it to home owners before they ran out.
Many get pissed off when the "just in time" systems fail. Typically the same folks who don't want to pay for additional infrastructure that's not used very often.
coffeeguyzz wrote:The spot price at the Algonquin citygate and, I believe, Tetco M6 NY could skyrocket if there is an extended cold snap. Next winter may be worse as there will be fewer coal burners available for backup.
The $972 million AIM project will bring additional natural gas from the Appalachian Basin into New England. The project is the largest pipeline project since 2007 to transport natural gas into New England from outside the region. The pipeline will provide an additional 342 million cubic feet per day (MMcf/d) of pipeline capacity to the New England market.
The $63 million Salem Lateral Project will provide capacity for the Salem Harbor Power Plant, a converted coal-to-gas electric power plant due to be in service in June 2017. Once completed, the 674 megawatt power plant will use up to 115 MMcf/d of natural gas to generate electricity for New England consumers.