Economic Events: (GMT)
This Week in Petroleum
Release Schedule: Wednesday @ 1:00 p.m. EST (schedule)
Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule)
Heating Oil & Propane Update (October-March)
Heating Oil, Propane Residential and Wholesale Price Data
Release Schedule: Wednesday at 1:00 p.m. EST
Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
Analysis and Recommendations:
Natural Gas is down a bit trading at 2.757 down from the opening of 2.807, where it skyrocketed to at the end of the week. Today’s decline is mostly profit taking after the incredible climb last week. Also news today, noted that problems brewing between Natural Gas producers and environmental groups. It made sense that environmentalists viewed the natural gas industry as an ally when they were trying to forge a climate deal on Capitol Hill in 2009 and 2010.
Environmental groups that once took money from Chesapeake Energy — or considered doing so — to make a common cause against coal power, have stepped back as they weigh the environmental perils of extracting natural gas from shale, a business in which Chesapeake Energy is a leader.
“When cap-and-trade was going through, they needed an alternative. . . . They saw it as the savior, and it’s anti-coal,” said in industry spokesman. But now, concerns about the chemicals used to tap shale gas have become more pressing as hydraulic fracturing activity has increased nationwide.