A Different Take On Natural Gas Storage Numbers
http://seekingalpha.com/article/223167-why-natural-gas-storage-numb...
"Storage capacity is going to go up every year to stay on pace with rising demand, in fact since 2000 we’ve added on average about 100 bcf to our storage each year according to FERC. I would suggest a better indicator of our storage situation would be rather than compare our current storage number (3052) to the gross 5 year average of overall storage (2875); it would be more telling to take into account this new capacity and compare the percentage of storage capacity filled."
"Storage capacity is going to go up every year to stay on pace with rising demand, in fact since 2000 we’ve added on average about 100 bcf to our storage each year according to FERC. I would suggest a better indicator of our storage situation would be rather than compare our current storage number (3052) to the gross 5 year average of overall storage (2875); it would be more telling to take into account this new capacity and compare the percentage of storage capacity filled."
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