U.S. natgas stocks fall 72 bln cubic feet: EIA ( N ) by Carla Mozee
LOS ANGELES (MarketWatch) -- Natural-gas futures held steady Friday after the Energy Information Administration reported that inventories of the commodity fell by 72 billion cubic feet for the week ended Dec. 21. UBS estimated a withdrawal between 65 billion cubic feet and 75 bcf. Total stocks now stand at 3,652 trillion cubic feet, up 81 billion cubic feet from the year-ago level and 413 billion cubic feet above the five-year average, the government said. February natural gas was up 5 cents, or 1.5%, at $3.46 per million British thermal units, about the same level shortly before the data were released.
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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