Cold weather, abundant supplies of natural gas and lower-than-normal winter gas prices spurred record power burns in January and February, and the power burn for the rest of 2015 is likely to be record-breaking too. It almost has to be; all the gas expected to be produced this year needs to go somewhere, and there’s only so much that can be stored. That suggests continued softness in natural gas prices—hardly good news for gas producers. Today, we examine the outlook for this year’s power burn, and the variety of factors that point to record-breaking gas consumption by the U.S. power sector.
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