Archive for September 20th, 2011

Energy Outlook

September 20, 2011

* Working gas in storage was 3,112 Bcf as of Friday, September 9, 2011, according to EIA estimates. This represents a net increase of 87 Bcf from the previous week. Stocks were 140 Bcf less than last year at this time and 52 Bcf below the 5-year average of 3,164 Bcf. In the East Region, stocks were 89 Bcf below the 5-year average following net injections of 59 Bcf…At 3,112 Bcf, total working gas is within the 5-year historical range.

* Statoil has signed a US $5,000,000. agreement with the University of Texas Austin to perform R&D.

* President Clinton favors building energy retrofits. Here is what he had to say today:

In the developed world, Clinton says an “enormous numbers of jobs” can be created by renewed commitments to energy efficiency. “The U.S. is about twice as energy efficient as we were back in the first oil embargo in the 1970s but more than twice as inefficient as our largest competitors,” he says. “We could create 1 million jobs here if we had a systematic way to finance building retrofits everywhere.”