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Even With Freeze, Odds Are Against Natural Gas Inventory Dipping Greatly

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By Darren Barbee, Hart Energy
January 22, 2014

Despite frigid weather that prompted record U.S. natural gas draws, gas prices are likely to remain relatively subdued, reflecting the view that production can crank up to meet any demand, The Goldman Sachs Group, Inc. (NYSE: GS) analyst Samantha Dart said in a report.

Even production freeze-offs that caused supply losses due to extreme low temperatures across the country were offset to pipeline imports from Canada, Dart said.

Taking into account current weather forecasts through Jan. 31, the overall impact of weather deviations on inventory draws will add up to ...

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