The United States has 2,384 Tcf of technically recoverable natural gas, the Potential Gas Committee (PGC) and the American Gas Association (AGA) said Tuesday. That’s more reserves than the PGC has calculated in its 48-year history and beats the previous high seen in 2010 by 486 Tcf.
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Analysts: Price Wasn’t Only Factor in Coal-Gas Fuel Switching
Coal took something of a beating from natural gas in the power generation arena this year, but coal’s displacement by gas wasn’t strictly due to exceptionally low gas prices, according to analysts at Barclays Capital. Coal producers can curse cheap gas if they want, but other factors were at play, too.
NOAA: January Still Slightly Warmer than Average
Coming off the exceptionally warm January of last year, U.S. natural gas and electric utilities found themselves a little bit busier this year. While January 2009 proved to be colder than January 2008, temperatures for the contiguous United States last month were still “slightly above” the long-term average, based on records going back to 1895, according to a preliminary analysis by scientists at the National Oceanic and Atmospheric Administration’s (NOAA) National Climatic Data Center in Asheville, NC.
NOAA: January Was Still Slightly Warmer than Average
Coming off the exceptionally warm January of last year, U.S. natural gas and electric utilities found themselves a little bit busier this year. While January 2009 proved to be colder than January 2008, temperatures for the contiguous United States last month were still “slightly above” the long-term average, based on records going back to 1895, according to a preliminary analysis by scientists at the National Oceanic and Atmospheric Administration’s (NOAA) National Climatic Data Center in Asheville, NC.