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Permalink Reply by adubu on July 17, 2014 at 8:42

It has lower to go for generally Price lows for year are seen in late Sept

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Permalink Reply by tc on July 17, 2014 at 9:00

With most of NG production now happening far inland, even hurricanes will no longer provide much price support.

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Permalink Reply by jim weyland on July 17, 2014 at 9:47

in my experience, most storms don't do significant damage to gom gas production and gas infrastructure. but if one does, even today, it can cause meaningful price rises on the affected pipeline(s) until things are put back together. today, having all of the onshore shale gas sure ameliorates the sorts of storm induced price panics we saw  b.s. (before shale). 

one of life's little ironies is that unless a storm takes out significant gom production facilities and/or gas transport/processing, ect. infrastructure, the usual storm kills more electric load than what production is temporarily shut-in.

that's because for a few days up to weeks after the storm, lots of times the gulf coast power grid in the vicinity of land fall is down/damaged. and, even if not much of the grid is knocked out, the a/c load is greatly reduced until the remnants of the storm have bugged out. lots of times a storm's remnants will track all the way up the east coast killing load for a day or two or three all the way up.

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