Natural-gas prices add to gains after supply data ----- nice for change --but suppies now above 5 year average

 

SAN FRANCISCO (MarketWatch) -- Natural-gas futures climbed higher on Thursday after the U.S. Energy Information Administration reported a smaller-than-expected supply increase of 57 billion cubic feet for the week ended Aug. 16. Analysts polled by Platts forecasted a climb of between 67 billion cubic feet and 71 billion cubic feet. Total stocks now stand at 3.063 trillion cubic feet, down 238 billion cubic feet from the year-ago level and 44 billion cubic feet above the five-year average, the government said. September natural gas     (ngu13)   was at $3.55 per million British thermal units, up 9 cents, or 2.5%. It was trading at $3.50 before the data

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

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…

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Posted by Char on May 29, 2025 at 14:42 — 4 Comments

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