It’s been a cold Spring. Winter came late this year in Michigan and Spring has been pushed back. The first four months ended April 30, 2016 have been freezing. But, we’ve finally turned the corner and it’s getting warmer. Sun’s out guns out for the next 5 or 6 months straight and a we are all looking forward to the warm weather. Free heat from the sun will reduce natural gas demand from consumers all across Michigan and the Midwest until next winter. Michiganders demand natural gas to stay warm for months on end through the cold season with a just a simple digital click of their thermostats. Nearly 80% of Michiganders heat their homes with natural gas as well as use natural gas to dry their laundry and heat their chicken noodle soup. Natural gas is poised to gain additional market share in 2016 around the world and to displace demand for oil similar to the way it has displaced demand for coal.
The first four months of 2016 rang in the first Liquified Natural Gas (LNG) export shipments from Cheniere’s Sabine Pass terminal in Lousiana with the very first export shipment of US natural gas occurring on Continue reading “Michigan Oil & Gas Monthly – April 2016”