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Short-Term Energy Outlook - July 2012

By Greg Russell

The Energy Information Administration (EIA) has released its Short-Term Energy Outlook for July 2012:  "Natural gas working inventories ended June 2012 at an estimated 3.1 trillion cubic feet (Tcf), about 23 percent above the same time last year. EIA expects the Henry Hub natural gas spot price, which averaged $4.00 per million British thermal units (MMBtu) in 2011, to average $2.58 per MMBtu in 2012 and $3.22 per MMBtu in 2013."  Well, at least it's in the right direction ...

Tags: Energy

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