Author KristenM
An electric supply rate is made up of multiple components. The cost of energy makes up the largest component, but the cost of capacity can be the second greatest cost component. In many deregulated markets, a capacity market exists, to… Continue Reading →
It has been more than a decade since natural gas prices averaged as low as they did in 2020. Looking back, spot prices at Henry Hub averaged $2.05 per MMBtu and NYMEX, which trades natural gas futures, averaged $2.077 per… Continue Reading →
The Burton Sandwich Shoppe returned for 2020 and while new processes and protocols were navigated and implemented, it was the generous spirit of the Burton team that truly shined! We had a reduced roster this year, but a few contributing… Continue Reading →
To say that this year has been a year like no other seems like an understatement. It almost comes as no surprise, that even the weather has been setting new records. Hurricane Delta became the fifth hurricane to make landfall… Continue Reading →
Since the attacks on the United States nineteen years ago, energy independence became a greater priority. Over the past years, we have become energy independent and the world’s leading producer of petroleum and natural gas. The upcoming election could determine… Continue Reading →
Natural gas prices have soared to their highest levels since December 2019, driven by slowing production, extreme heat in certain areas, and strong demand. The August natural gas contract settled at $1.854 per MMBtu and the September contract moved into… Continue Reading →
The month of July has ushered in record heat across the U.S. and is on track to be one of the hottest months, since 1950, when EIA began keeping records. ERCOT (Texas) set a new peak demand record for July,… Continue Reading →
After experiencing some price volatility in early May, natural gas prices have experienced an overall decline and returned to more of a sideways trading pattern, as the market attempts to digest the continuing changes in supply and demand. The June… Continue Reading →
Natural gas prices have been on a wild ride these past couple of weeks. After a steady increase, based upon news of a dramatic decrease in oil production and therefore, a decline in associated gas production, the prompt month surpassed… Continue Reading →
Economic uncertainty has been weighing on all markets, as the effects of COVID-19 have been shuttering businesses and overturning industries, resulting in employee furloughs and lay-offs. The energy commodity markets have been focused upon the oil market and its ability… Continue Reading →
While the financial markets have been whipsawing this week amid the news of the spread of Coronavirus, bearish pressure on the commodity markets has intensified. As oil prices have tumbled into bearish territory, there is concern across the market of… Continue Reading →
This year, Punxsutawney Phil took his place on Gobbler’s Knob and did not see his shadow. According to legend, this indicates an early spring in on the way. Meteorologists don’t always agree with Punxsutawney Phil, but this time, AccuWeather meteorologists… Continue Reading →
A new year, a new decade, and it’s the natural gas bears that are celebrating. The January 2020 contract settled at $2.158 per Dth, its lowest level since January 1999, following the lowest summer gas prices in 20 years. Typically,… Continue Reading →
Burton’s annual tradition of making peanut butter and jelly sandwiches took on a new twist this year and The Burton Sandwich Shoppe relocated with a different menu, to help feed the homeless! After reaching out to various organizations, we realized… Continue Reading →
Since early November, natural gas prices have continued to slide. A significant change from this time last year, the December contract settled at $2.470 per MMBtu, nearly 48% below the December 2018 settle. Throughout the month of November, natural gas… Continue Reading →
The eastern half of the United States is starting to experience or is bracing for below-average temperatures and our first real taste of winter temperatures. The Midwest and Northeast have already been experiencing colder temperatures, but next week is expected… Continue Reading →
This fall, we added a couple of new pumpkins to the Burton patch! In early October, Paul, one of our Energy Specialists, and his wife, welcomed their first baby girl, to a household full of boys. To start November, Chris,… Continue Reading →
Last month, natural gas prices were rising and the October contract was pushing $2.50 per MMBtu. At month’s end, the October contract settled at $2.428 per MMBtu, but market sentiment has turned bearish. Natural gas prices have declined 16 of… Continue Reading →
Natural gas has experienced an uptick in pricing, after experiencing multi-year lows in July, off the backs of record level production and average temperatures. The September contract rolled off the board at $2.251 per MMBtu, a 5% increase from the… Continue Reading →
Natural gas demand is at record highs, but prices continue to fall. Earlier this week, natural gas prices dropped to three-year lows while supply growth continues to outpace increasing consumption. The August contract settled at $2.141 per MMBtu, 6.5% below… Continue Reading →
The natural gas market has been relatively complacent in recent weeks, while traders kept a close eye on the weather forecast. Tropical Storm Barry has returned some bullish sentiment back into this market, along with a forecast of above normal… Continue Reading →