October 2010
Beginner to intermediate
192 pages
9h 23m
English
Content preview from Commodity Trader's Almanac 2O11
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NATURAL GAS ONE-YEAR SEASONAL PATTERN
NATURAL GAS CYCLE, SEASONAL PATTERN, AND TRADING GUIDE
Natural gas is really a fascinating energy source. It accounts for almost a quarter of
total U.S. energy consumption. Its market share is likely to expand because of the
favorable competitive position of gas in relation to other fuels and the tightening
environmental standards for fuel combustion. Industrial users and electric utilities
together account for 59% of the market; commercial and residential users com-
bined are 42%. It is primarily methane, the lightest hydrocarbon molecule. It is
burned to drive turbines in electrical-power-generation plants as well as to heat
homes and businesses across the nation, and is used as a feedstock to produce the
agricultural fertil izer ammonia. It is one of the most important economic com-
modities in the U.S. today after crude oil.
This market has a strong seasonal tendency to bottom in July and then peak in
December. The main reason for this can be explained by the fact that in cold weather
it is used to heat homes, and business and production companies are building
inventories ahead of this season.
Then, as production companies anticipate the needs for utility companies to pro -
duce more electricity to handle spikes in demand for air conditioning, we see prices
rise in early summer and then continue to rise through year-end, when we begin
the winter heating ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.