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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Dennis Roth	8/31/2011 7:40:11 AM
	1 Recommendation Read Replies (2) of 206092

Weekly Natural Gas Storage Estimate Injection for Week Ended 8/26/11: 54-64 Bcf 30 August 2011 ¦ 5 pages citigroupgeo.com Injection Estimate — We estimate that the Energy Information Administration (EIA) will report a 54-64 Bcf injection into U.S. underground natural gas storage levels for the week ended 8/26/2011, compared with a 54 Bcf injection last year, a 65 Bcf injection in 2009, and a 73 Bcf injection in the prior week. Weather Last Week — Weather last week, based on customer-weighted gas cooling degree days (CDD's), was 6% warmer than last year, 11% warmer than the 10-year average, and 8% warmer than the prior week this year. Storage Levels — Thus, we believe natural gas storage levels should increase to 2,965 Bcf, resulting in a 133 Bcf deficit vs. last year and a 56 Bcf deficit vs. the five- year average. Weather This Week — Temperatures this week are expected to be above to much above average in much of the central U.S., with average temperatures expected on both the East and the West Coast

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