Working gas in storage was 953 Bcf as of Friday, March 14, 2014, according to EIA estimates. This represents a net decline of 48 Bcf from the previous week. Stocks were 932 Bcf less than last year at this time and 876 Bcf below the 5-year average of 1,829 Bcf. In the East Region, stocks were 399 Bcf below the 5-year average following net withdrawals of 35 Bcf. Stocks in the Producing Region were 351 Bcf below the 5-year average of 742 Bcf after a net withdrawal of 11 Bcf. Stocks in the West Region were 126 Bcf below the 5-year average after a net drawdown of 2 Bcf. At 953 Bcf, total working gas is below the 5-year historical range.
Alden Energy Consulting LLC is a full-service independent energy consulting firm focused on saving our customers money either through enhanced energy procurement methods or through energy conservation projects. This includes, but is not limited to: demand response programs, lighting retrofits, local utility rebates, etc.
We believe that by working with an unbiased energy consultant, companies can better navigate though volatile markets, price swings, and overall uncertainty.
We recognize several trends in the energy industry. Deregulation in both electricity and gas markets continues to spread state by state as consumers and governments recognize the benefits of competive energy markets. We believe that this will continue as regulators are able to tailor market designs to best meet the needs and requirements of its participants. Additionally, the shift towards renewable energy projects continues to be bolstered by private investments, mostly in states with relaxed electricity structures. This indirectly benefits our industry by shifting the reliability of energy supply to domestic resources. Finally, the higher cost of energy over the past couple decades has required new ideas to be formulated in order to help contain prices.
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