Reply #4: Ewww, gonna be a cold & expensive winter [View All]

[54anickel]

He pointed out that while natural gas storage is now in excess of the 5-year average of around 200 billion cubic feet, it will most likely decline completely by the end of the injection season. First Enercast had previously predicted the surplus at 94 billion cubic feet at the end of the injection season.

"Katrina is on track to reduce this surplus to a similar deficit heading into the winter season," he said.

What does he mean by similar deficit 94 or 200 billion CF? :shrug: Either way, he's stating there's going to be a shortage.


http://www.library.yale.edu/~llicense/forcegen.shtml
The Force Majeure excuses a party from liability if some unforseen event beyond the control of that party prevents it from performing its obligations under the contract.