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Canada Natural Gas Climbs as U.S. Inventory Surplus Narrows

Bloomberg -- Canadian natural gas gained on speculation that a U.S. supply surplus narrowed last week after a heat wave boosted fuel demand while output dropped in the Gulf of Mexico.

October gas in Alberta rose 7 percent. An Energy Department report Sept. 13 may show U.S. supplies rose by 22 billion cubic feet in the week ended Sept. 7, Tim Evans, a New York-based energy analyst at Citi Futures Perspective, said in a note today. The five-year average gain for the week is 72 billion. The smaller-than-average gain would come partly because of Gulf production cuts caused by Hurricane Isaac.

“The single bullish driver out there is the storage number,” Pax Saunders, an analyst at Gelber & Associates in Houston, said in a note to clients today. A gain well below average “will be quite a hit for the stor

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Submitted Sep 11, 2012 By: mastermariner

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after10 Veteran Author Hamilton Posts:363 Points:47,985 Joined:Jul 2012	Message Posted: Sep 11, 2012 11:58:11 PM Ignore after10 Report Abuse There is an gas problem alright ! It comes with the BS they feed us just before there is an astronomical price hike!
ExplorerWA Champion Author Washington Posts:4,093 Points:799,200 Joined:Feb 2011	Message Posted: Sep 11, 2012 10:15:04 PM Ignore ExplorerWA Report Abuse Is this believable?
jiml1965 Champion Author Harrisburg Posts:3,040 Points:692,075 Joined:Jan 2011	Message Posted: Sep 11, 2012 1:46:08 PM Ignore jiml1965 Report Abuse ok
Lologogo Champion Author Twin Cities Posts:1,314 Points:356,390 Joined:Sep 2011	Message Posted: Sep 11, 2012 11:10:18 AM Ignore Lologogo Report Abuse speculation sucks!
chyguy3 Champion Author Wyoming Posts:2,855 Points:859,990 Joined:Sep 2006	Message Posted: Sep 11, 2012 11:09:42 AM Ignore chyguy3 Report Abuse Great news for sellers, bad news for purchasers.
Wolfwings Champion Author Delaware Posts:8,750 Points:1,778,415 Joined:May 2004	Message Posted: Sep 11, 2012 10:58:02 AM Ignore Wolfwings Report Abuse Call it what it is GREED.
ethanol_is_bad Sophomore Author Boise Posts:242 Points:143,710 Joined:Oct 2011	Message Posted: Sep 11, 2012 10:56:03 AM Ignore ethanol_is_bad Report Abuse Always some excuse for rising prices.
032946 Champion Author Twin Cities Posts:19,870 Points:4,045,995 Joined:Oct 2001	Message Posted: Sep 11, 2012 10:55:40 AM Ignore 032946 Report Abuse Just more "BS" Just speculation to jack up the price. They are buring off natural gas in North Dakota oil fields, because they have no place to store it.
nickatnite Veteran Author Indianapolis Posts:370 Points:280,215 Joined:May 2012	Message Posted: Sep 11, 2012 10:54:57 AM Ignore nickatnite Report Abuse ok
DJRIO Champion Author Miami Posts:8,056 Points:1,427,535 Joined:Jan 2008	Message Posted: Sep 11, 2012 10:51:10 AM Ignore DJRIO Report Abuse still talk about it . no one will endorse it.
bullfrog69 Champion Author Texas Posts:2,304 Points:835,760 Joined:Nov 2009	Message Posted: Sep 11, 2012 10:50:32 AM Ignore bullfrog69 Report Abuse U. S. inventory narrows, looks like BS to me, old jewish trader trick to raise price!
Diesel_Ram Champion Author Dallas Posts:6,512 Points:1,520,410 Joined:Jan 2009	Message Posted: Sep 11, 2012 10:49:37 AM Ignore Diesel_Ram Report Abuse Contradicts a previous story.
rippertoo Champion Author Tacoma Posts:5,765 Points:1,143,785 Joined:Jan 2010	Message Posted: Sep 11, 2012 10:48:48 AM Ignore rippertoo Report Abuse Make it your prime energy source and watch prices skyrocket up up and away.
JoeKR Champion Author New Jersey Posts:9,483 Points:1,746,420 Joined:Feb 2006	Message Posted: Sep 11, 2012 10:47:49 AM Ignore JoeKR Report Abuse All kinds of excuses made but no one stands up when the reality is different - and they still profit even when they are wrong.
ggg452 Champion Author Manitoba Posts:1,580 Points:333,775 Joined:May 2012	Message Posted: Sep 11, 2012 10:47:22 AM Ignore ggg452 Report Abuse interesting...
hwmillerster Champion Author Missouri Posts:6,799 Points:1,467,295 Joined:Oct 2008	Message Posted: Sep 11, 2012 10:44:07 AM Ignore hwmillerster Report Abuse Natural gas inventories don't have anything to do with oil prices. Maybe we should try converting natural gas into gasoline.
nwhawk Champion Author Kansas Posts:1,977 Points:574,615 Joined:Nov 2010	Message Posted: Sep 11, 2012 10:43:21 AM Ignore nwhawk Report Abuse America could learn much from Canada.
unicornpmb Champion Author Buffalo Posts:8,501 Points:1,631,465 Joined:Sep 2005	Message Posted: Sep 11, 2012 10:42:57 AM Ignore unicornpmb Report Abuse There that's S word again.
JimL1 Champion Author Phoenix Posts:8,222 Points:1,243,395 Joined:Jul 2003	Message Posted: Sep 11, 2012 10:42:48 AM Ignore JimL1 Report Abuse Also on this website today, "Shale Boom Cuts Gulf Oil Premium to 24-Year Low: Energy Markets." Oil down and Gas up.
donny47 Champion Author New Hampshire Posts:2,671 Points:988,365 Joined:Feb 2009	Message Posted: Sep 11, 2012 10:40:22 AM Ignore donny47 Report Abuse any excuse!
alex395 Champion Author Louisville Posts:2,053 Points:276,895 Joined:Jan 2007	Message Posted: Sep 11, 2012 10:40:20 AM Ignore alex395 Report Abuse Thought a surplus would normally mean lower prices no matter how you frame it.
boldrph Champion Author Topeka Posts:18,387 Points:3,452,840 Joined:Oct 2002	Message Posted: Sep 11, 2012 10:39:33 AM Ignore boldrph Report Abuse it's a 'market' thing
jtfftj Champion Author New Hampshire Posts:2,181 Points:1,250,030 Joined:Sep 2005	Message Posted: Sep 11, 2012 10:38:51 AM Ignore jtfftj Report Abuse "...heat wave boosted fuel demand..." ???
laurash01 Sophomore Author Chicago Posts:167 Points:346,860 Joined:Mar 2011	Message Posted: Sep 11, 2012 10:38:49 AM Ignore laurash01 Report Abuse good for canada
dad2two Champion Author Dallas Posts:3,555 Points:752,345 Joined:May 2010	Message Posted: Sep 11, 2012 10:37:33 AM Ignore dad2two Report Abuse Natural gas has been in plentiful supply, so the price has been cheap.
treehood Champion Author San Diego Posts:2,054 Points:398,710 Joined:May 2011	Message Posted: Sep 11, 2012 10:36:24 AM Ignore treehood Report Abuse U.S. supplies rose while Canadian NG prices rose? I must not have read that correctly.
HATinMUNDY Champion Author Michigan Posts:1,692 Points:765,845 Joined:Mar 2008	Message Posted: Sep 11, 2012 10:36:18 AM Ignore HATinMUNDY Report Abuse Sounds like a conspiracy.....
jackcleve Champion Author Cleveland Posts:2,033 Points:2,138,125 Joined:Aug 2005	Message Posted: Sep 11, 2012 10:35:32 AM Ignore jackcleve Report Abuse Apparently the oil speculators are branching out into natural gas.
nanu4u21 Champion Author Orange County Posts:1,113 Points:240,735 Joined:Aug 2012	Message Posted: Sep 11, 2012 10:35:31 AM Ignore nanu4u21 Report Abuse ok
livedream Champion Author Michigan Posts:3,695 Points:757,010 Joined:Mar 2011	Message Posted: Sep 11, 2012 10:35:12 AM Ignore livedream Report Abuse The red flag is in the first sentence: "...gained on speculation...." Speculation ruins everything! And causes grief for the little guy!!
RAKARWOWSKI Champion Author Chicago Posts:4,010 Points:822,975 Joined:Jan 2011	Message Posted: Sep 11, 2012 10:34:32 AM Ignore RAKARWOWSKI Report Abuse Now they are screwing with NG like they screw with oil. We are screwed!
heydano67 Champion Author California Posts:1,676 Points:359,485 Joined:Feb 2012	Message Posted: Sep 11, 2012 10:34:29 AM Ignore heydano67 Report Abuse Let the fleecing begin
rasprout Champion Author Tacoma Posts:3,367 Points:1,222,535 Joined:Jun 2009	Message Posted: Sep 11, 2012 10:34:20 AM Ignore rasprout Report Abuse Some say it is an excuse to raise prices, I call it an opportunity to rip us off further...
Topless2012 Champion Author Twin Cities Posts:2,442 Points:483,015 Joined:Jan 2012	Message Posted: Sep 11, 2012 10:34:14 AM Ignore Topless2012 Report Abuse normal cycle
Ready Eddie Champion Author Twin Cities Posts:5,786 Points:1,345,695 Joined:Feb 2003	Message Posted: Sep 11, 2012 10:33:26 AM Ignore Ready Eddie Report Abuse business
LtRTH Champion Author St. Louis Posts:1,786 Points:586,975 Joined:May 2011	Message Posted: Sep 11, 2012 10:33:00 AM Ignore LtRTH Report Abuse There's that word again. Speculation. It's all a guessing game that is used as an excuse to raise prices.
zeeflyers All-Star Author Pittsburgh Posts:678 Points:220,255 Joined:Feb 2012	Message Posted: Sep 11, 2012 10:31:08 AM Ignore zeeflyers Report Abuse ok
tpguess Champion Author San Diego Posts:1,606 Points:373,560 Joined:Jan 2012	Message Posted: Sep 11, 2012 10:30:55 AM Ignore tpguess Report Abuse And what does this mean to me in California?
pricechecker08 Champion Author Ohio Posts:7,886 Points:1,702,650 Joined:Jan 2008	Message Posted: Sep 11, 2012 10:30:21 AM Ignore pricechecker08 Report Abuse And this is how the shell game works!
Marson Champion Author Scranton Posts:8,957 Points:2,080,110 Joined:Oct 2006	Message Posted: Sep 11, 2012 10:30:03 AM Ignore Marson Report Abuse Friggley fragaley and la de da.
tttmikeb All-Star Author St. Louis Posts:685 Points:209,180 Joined:Sep 2008	Message Posted: Sep 11, 2012 10:29:51 AM Ignore tttmikeb Report Abuse great...
Rick52 Champion Author Milwaukee Posts:12,041 Points:1,200,595 Joined:Mar 2005	Message Posted: Sep 11, 2012 10:29:34 AM Ignore Rick52 Report Abuse Hang on...They are Spreading their BS Excuses..
firechief Champion Author New York Posts:3,456 Points:2,068,325 Joined:Mar 2004	Message Posted: Sep 11, 2012 10:28:55 AM Ignore firechief Report Abuse OK
dogsdog Veteran Author Sacramento Posts:314 Points:31,840 Joined:Dec 2009	Message Posted: Sep 11, 2012 10:28:18 AM Ignore dogsdog Report Abuse I just got a headache
SUSANCK Champion Author Chicago Posts:3,652 Points:710,405 Joined:Apr 2011	Message Posted: Sep 11, 2012 10:27:30 AM Ignore SUSANCK Report Abuse They screw with everything.
INBwana Champion Author Indiana Posts:5,477 Points:697,935 Joined:Apr 2011	Message Posted: Sep 11, 2012 10:27:14 AM Ignore INBwana Report Abuse I don't believe this. We have NG a plenty! More cowabunga from Bloomberg!
bullseye100 Champion Author New Jersey Posts:2,434 Points:586,155 Joined:Aug 2011	Message Posted: Sep 11, 2012 10:27:00 AM Ignore bullseye100 Report Abuse It only took six words in this article before the "S" word came out. And that says it all.
Car54BC08 Champion Author British Columbia Posts:4,264 Points:1,512,290 Joined:Jun 2008	Message Posted: Sep 11, 2012 10:26:29 AM Ignore Car54BC08 Report Abuse The key word being "speculation"
freedom27 Champion Author Calgary Posts:2,275 Points:287,145 Joined:Aug 2005	Message Posted: Sep 11, 2012 10:25:12 AM Ignore freedom27 Report Abuse Good for us.
driveonby1 Champion Author Toledo Posts:1,507 Points:256,665 Joined:Jun 2007	Message Posted: Sep 11, 2012 10:24:07 AM Ignore driveonby1 Report Abuse Speculators ought to be the first to be taxed in the new era. They should have disincentives to play with retail prices.