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Oil, Gas, And Fracking News Reads: 28February 2021


Here are some more selected news articles for the week ending 27 February 2021. Go here for Part 1.
This is a feature at
Global Economic Intersection every Monday evening or Tueday morning.
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Looks Like We Made It - Propane and the 2021 Deep Freeze; Where Are We Now? Here in Texas, the snow is melting, the power is back on, and some of us even have drinkable water. We ll be dealing with the aftermath of the 2021 Deep Freeze for months, and talking about the insane natural gas and power prices for as long as gas and power markets exist. One thing you have not heard much about during these crazy few days is propane. And given what we ve been through, no news is good news. Sure, it was impossible to exchange a tank at the local Quickie Mart, and there were sporadic reports of delayed propane deliveries and local shortfalls. But even up in the coldest Midwest states, there we ....

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Coronavirus Disease Weekly News 28February 2021


Coronavirus Disease Weekly News 28February 2021
The news posted last week for the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some important articles are summarized here. The articles are more or less organized with general virus news and anecdotes first, then stories from around the US, followed by an increased number of items from other countries around the globe. Economic news related to COVID-19 is found here.
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Summary:
It appears that new Covid cases and Covid deaths have stopped going down in the US; I say appears because it s possible that the apparent uptick early this week might have been due to underreporting of cases last week, when there were widespread power outages in Texas and other states in the wake of an unprecedented cold wave. For the 7 days ending Saturday, reported new cases were only down 0.3% from ....

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Oil, Gas, And Fracking News Reads: 21February 2021


The natural gas storage report from the EIA for the week ending February 12th indicated that the amount of natural gas held in underground storage in the US fell by 237 billion cubic feet to 2,281 billion cubic feet by the end of the week, which left our gas supplies 105 billion cubic feet, or 4.4% below the 2,386 billion cubic feet that were in storage on February 12th of last year, but 57 billion cubic feet, or 2.6% above the five-year average of 2,224 billion cubic feet of natural gas that have been in storage as of the 12th of February in recent years..the 237 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 251 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but much more than the 141 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, as well as the average withdrawal of 142 billion cubic feet of natural gas that have typicall ....

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Oil, Gas, And Fracking News Reads: 14February 2021


The natural gas storage report from the EIA for the week ending February 5th indicated that the amount of natural gas held in underground storage in the US fell by 171 billion cubic feet to 2,518 billion cubic feet by the end of the week, which left our gas supplies 9 billion cubic feet, or 0.4% below the 2,527 billion cubic feet that were in storage on February 5th of last year, and 152 billion cubic feet, or 6.4% above the five-year average of 2,366 billion cubic feet of natural gas that have been in storage as of the 5th of February in recent years..the 171 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 175 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but way more than the 121 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 125 billion cubic feet of natural gas that have ....

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Coronavirus Disease Weekly News 14February 2021


Coronavirus Disease Weekly News 14February 2021
The news posted last week for the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some important articles are summarized here. The articles are more or less organized with general virus news and anecdotes first, then stories from around the US, followed by an increased number of items from other countries around the globe. Economic news related to COVID-19 is found here.
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Summary:
All the important US Covid demographic metrics are falling, and in some cases quite dramatically. This week s new cases were down 19.4% from last week s, and down 62.3% from the second week of January; the 7 day average of new cases is now the lowest since November 4th, but it s also higher than every 7 day period before that date. Illustrative of the decline in new cases was a Thursday headline that n ....

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