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A "Shocking" Shut-in Scenario for Canadian Natural Gas

OilPrice.com -- Canada is full of natural gas.

The country's gas storage market is near capacity, in fact -- much earlier than normal in the current gas injection season.

One scenario -- which no one wants -- has storage completely filling up... something that has never happened before.

What would happen to the price of natural gas in Canada, and who's most vulnerable in this scenario?

In the U.S., analysts are talking about theoretical full storage just before withdrawal season starts.

In Canada, though, the issue is much more pressing—still hypothetical, but certainly still possible..

“If storage did get full, it would only be for 1-2 months in a worst case scenario,” says Geoff Ready, an energy analyst at Haywood Securities in Calgary. “The market will correct itself but there could be...


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Submitted Jul 18, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: A "Shocking" Shut-in Scenario for Canadian Natural Gas Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,057
Points:2,389,665
Joined:Nov 2008
Message Posted: Jul 21, 2012 7:06:32 AM

another OilPrice.com (mouthpiece of Pig Oil) piece.

Make it worst case scenario so that everyone is scared out of their minds and doesn't pay attention to the real issues.
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:332,895
Joined:Jun 2012
Message Posted: Jul 20, 2012 2:35:01 AM

Whoopsie
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Jul 19, 2012 11:53:11 PM


Judgemobile...you make a good point! Worst case scenario is going to sell newspapers and internet interest! Many of there dooms-day prognosticators are full of it! And no doubt why they have brown eyes.
ccf_jeff
Champion Author St. Louis

Posts:18,535
Points:3,327,365
Joined:Sep 2005
Message Posted: Jul 19, 2012 7:54:39 PM

Hope they build more storage. It's always good to have an emergency supply to fall back on.
91Explorer
Champion Author Dallas

Posts:1,952
Points:1,860,400
Joined:Oct 2009
Message Posted: Jul 19, 2012 10:13:42 AM

oops, over-supply maybe?
rogerparry
Champion Author Florida

Posts:12,845
Points:2,692,880
Joined:Jan 2008
Message Posted: Jul 19, 2012 6:22:42 AM

Let's see a price drop.
tomok
Champion Author Portland

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Points:3,125,310
Joined:Aug 2006
Message Posted: Jul 19, 2012 3:46:00 AM

Canadian storage facilities are full, so prices should be less? Right! Just like US NG prices, they will never go down! My home gas bill has not gone down, so why should high storage capacity NG prices go down too.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012
CdnLynx
Champion Author Ontario

Posts:1,242
Points:1,180,640
Joined:May 2008
Message Posted: Jul 19, 2012 12:31:54 AM

Notice in the mail/bill last week from Enbridge; natural gas supplier to homes and business in Ontario, states rate increase for this winter.
Some what surprised, as natural gas consumption was low last year, due to warmer weather in N. America. They must be hoping for a frigid winter this season. The indication by the summer heat now in N. America, including the northern territories would possibly suggest that maybe another warmer winter; but who am I to say, I'm no weather person.
Maybe this will be an anomaly and our thermometers will bottom out. Hope not, I'm hoping that eventually I will have palm trees and orange trees growing yr. round.
Anyone for a pina colada with a slice or orange (they may not go together, who cares, it's my dream)!!! {:-)|

[Edited by: CdnLynx at 7/19/2012 12:33:51 AM EST]
Cableman66
Champion Author North Carolina

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Message Posted: Jul 19, 2012 12:24:20 AM

Gas bubble is about to burst and so will prices.
crreed1
Champion Author West Virginia

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Message Posted: Jul 19, 2012 12:21:59 AM

ok
boatfloyd
Champion Author Jacksonville

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Message Posted: Jul 19, 2012 12:19:50 AM

What kind of Cheese was that?
tedjm1
Champion Author New York

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Message Posted: Jul 19, 2012 12:15:52 AM

Why do they need to take all out at once?
CDMAuto
Champion Author Connecticut

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Message Posted: Jul 19, 2012 12:14:36 AM

leave it in the ground until it is needed .....
ican2step
Champion Author Pittsburgh

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Message Posted: Jul 19, 2012 12:12:06 AM

Old news
PrinceLH
Champion Author Ontario

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Message Posted: Jul 19, 2012 12:11:14 AM

Time to convert cars to natural gas.
Blue_Cruzer
Champion Author Lexington

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Message Posted: Jul 19, 2012 12:10:46 AM

Hypothetical but possible.
joel27nc
Champion Author Raleigh

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Message Posted: Jul 19, 2012 12:08:38 AM

Just don't cut the cheese.
jem069
Champion Author Detroit

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Message Posted: Jul 19, 2012 12:07:57 AM

Ok
judgemobile
Champion Author Ohio

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Message Posted: Jul 19, 2012 12:06:27 AM

why do they always talk about WORST CASE SCENARIO ??
judgemobile
Champion Author Ohio

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Message Posted: Jul 19, 2012 12:05:36 AM

why do they always talk about
rawdog1313
Champion Author Lexington

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Message Posted: Jul 19, 2012 12:04:21 AM

OK.
furiousfowl
Champion Author Riverside

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Message Posted: Jul 19, 2012 12:04:00 AM

interesting
mrbee
Champion Author Little Rock

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Message Posted: Jul 19, 2012 12:01:51 AM

Ok.
mgune9
All-Star Author Dallas

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Points:200,395
Joined:Feb 2012
Message Posted: Jul 19, 2012 12:01:45 AM

we need more use of natural gas - especially in power plants and fuel for
vehicles
36IHBinder
Champion Author Illinois

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Message Posted: Jul 19, 2012 12:00:29 AM

And so it begins
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jul 18, 2012 11:56:50 PM

We should be promoting these vehicles with the price of
Natural gas low!
hauler43
Champion Author Oakland

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Message Posted: Jul 18, 2012 11:56:47 PM

Whatever
mfeldstein
Champion Author Ottawa

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Message Posted: Jul 18, 2012 11:55:18 PM

SpankyMI .... Don't worry, these statistics won't even buy me another cup of coffee.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Jul 18, 2012 11:53:56 PM

OK
bra0712
Champion Author Arizona

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Message Posted: Jul 18, 2012 11:48:19 PM

K
CAroadrunner101
Champion Author California

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Message Posted: Jul 18, 2012 11:45:29 PM

so...
SpankyMI
Champion Author Kalamazoo

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Message Posted: Jul 18, 2012 11:45:04 PM

To day the news was the Canadians have over taken the U.S. in higher individual wealth. Can it get any better?
rozellep2
Veteran Author Illinois

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Message Posted: Jul 18, 2012 11:43:21 PM

Ok
CorvairHaven
Champion Author Cleveland

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Message Posted: Jul 18, 2012 11:41:27 PM

We're supposed to feel sorry for them?
tman70
Champion Author Georgia

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Message Posted: Jul 18, 2012 11:39:57 PM

Ok
jerej829
Champion Author Memphis

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Message Posted: Jul 18, 2012 11:36:02 PM

ok
Buddy2264
Champion Author Tampa

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Message Posted: Jul 18, 2012 11:34:59 PM

Use more natural gas and find a way to deal with the methane production problems with natural gas and burn it too. If not then production halts until storage or supply demands more. Is that not the way supply and demand works?
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,515
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Message Posted: Jul 18, 2012 11:33:05 PM

We need to start using natural gas and stop the stupid expenditures on so-called renewables.
sillywagon
Champion Author New York

Posts:20,713
Points:2,220,920
Joined:Oct 2008
Message Posted: Jul 18, 2012 11:26:15 PM

We need to stop promoting the silly EV's that don't make any economic sense. We need to start promoting CNG powered trucks and cars. North America has many decades of abundance of natural gas. We should use it instead of exporting it to Asia.
mstearno
Champion Author Dayton

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Message Posted: Jul 18, 2012 11:25:32 PM

pipelines please
serrog
Champion Author Nova Scotia

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Message Posted: Jul 18, 2012 11:24:50 PM

Get marketing the stuff
76chevy
Champion Author Toledo

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Message Posted: Jul 18, 2012 11:21:22 PM

I'll use it.
aggietim
Champion Author Fort Worth

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Joined:Oct 2008
Message Posted: Jul 18, 2012 11:19:51 PM

ok
frostyWV
Champion Author West Virginia

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Joined:May 2011
Message Posted: Jul 18, 2012 11:19:42 PM

ok
jimedB
Champion Author Riverside

Posts:3,550
Points:302,340
Joined:Jun 2012
Message Posted: Jul 18, 2012 11:19:04 PM

Full storage would never happen here. Before it happened some major pipeline or storage problem would cause loss of transport or storage capacity and swift price increases.
OOXXFF
Champion Author Greensboro

Posts:6,253
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Joined:Sep 2009
Message Posted: Jul 18, 2012 11:18:19 PM

Let prices come down.
BMWer
Champion Author Calgary

Posts:4,906
Points:2,422,820
Joined:Dec 2003
Message Posted: Jul 18, 2012 11:17:57 PM

Holly123's quote "Ok .... but I'm not interested in Canada."
I guess you don't need our oil, natural gas or water...
Wanda127
Champion Author Florida

Posts:5,604
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Joined:May 2010
Message Posted: Jul 18, 2012 11:14:47 PM

ok
BMWer
Champion Author Calgary

Posts:4,906
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Joined:Dec 2003
Message Posted: Jul 18, 2012 11:13:50 PM

Natual gas is pretty cheap right now...not like a few years ago.
itsjustme719
Champion Author Hamilton

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Message Posted: Jul 18, 2012 11:10:46 PM

Like to know why my rates haven't dropped.
OGW
Champion Author London

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Joined:Sep 2005
Message Posted: Jul 18, 2012 11:09:15 PM

The only way to bring down the price of natural gas is for a large surplus as it has been traditionally low in Canada for 50 years but now with all the talk in the US like as if it was a newly discovered product, companies want to increase the prices to the level in the US so they are recovering all they can to sell to other markets and deplete the supply to increase the price at home.
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