calvino

Gas Prices Remain Elevated Despite Excess Supplies

Good analysis. Another factor adding to the gas bull is the imminent decomissioning of many diesel utility plants that are coming to their 50 yr end of life cycle. Here in the Nutmeg State, 90 gigs of diesel capacity is going offline within 4 years, according to the state DPUC. Undoubtedly, the Utilities will delay the cap ex as much as possible , however the pattern is there. Additionally, the diesel capacity will be replaced by nat gas - cleaner and domestic. The short interest on the futures may be tradable in the near term.