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United States Natural Gas ETF Message Board

  • repeat_the_future repeat_the_future Nov 19, 2012 9:41 AM Flag

    mild weather, holiday week, record supplies exert downward pressure

     

    "NEW YORK, Nov 19 (Reuters) - Front-month U.S. natural gas
    futures slipped slightly early Monday after climbing overnight
    to a one-year high, pressured by mild Northeast and Midwest
    weather forecasts and a holiday-shortened week that should slow
    overall demand.
    NYMEX will be closed Thursday for the U.S. Thanksgiving
    holiday.
    While nuclear plant outages this week are running about
    7,000 megawatts above the same year-ago week and could shift
    some demand to gas, traders noted loads typically taper this
    week regardless of weather because many schools and businesses
    are closed.
    Gas-fired plants are usually used to replace any lost
    nuclear generation.
    But despite the lack of cold this week and record supplies -
    gas storage and production are still hovering at or just below
    all-time highs - some traders said the focus on the potentially
    cold winter ahead could limit the downside in the near term."

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    • Excerpts from your post; While nuclear plant outages this week are running about
      7,000 megawatts above the same year-ago week and could shift
      some demand to gas,.
      Gas-fired plants are usually used to replace any lost
      nuclear generation.
      - some traders said the focus on the potentially
      cold winter ahead could limit the downside in the near term."


      Amazing isn't it how a writer can later , go back and cite an article where he can claim he was right, regardless of what happens.

 
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