by Dan Norcini
That seems to be the story for most of August thus far this year – natural gas injections have been running well below normal indicating that utility demand for the fuel to spin those massive turbines has been robust.
I have a tendency to focus more on supply because we can easily quantify that but demand is more elusive. We generally do not know that until after the fact. Thus the importance of the price chart since the boyz who are in the best position to know what the actual demand for the commodity they deal with will know before the rest of us do and that will show up in the price chart.