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Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Heat wave breaks a bit and natural gas prices drop

August 4, 2006 By Rod Adams

The heat wave causing the East Coast to swelter and crank up the air conditioning has eased a bit, and Chris has been downgraded from a tropical storm to a depression that no longer threatens Gulf of Mexico production. Those two factors have helped to reduce the price of natural gas at New York City Gate by nearly 20% in just two days.

As of the close of trading yesterday, here are the prices at some key locations:

NYMEX Henry Hub Future$7.25 per million BTU
NYMEX Henry Hub Spot$7.44 per million BTU
New York City Gate Spot$8.34 per million BTU

Source – Bloomberg. Com Energy Prices 4 August 2006

As mentioned before, natural gas prices at particular trading hubs can be quite volatile, increasing and decreasing rapidly. Utilities generally are able to shield their customers from such wide variations and seek to provide more stable pricing.

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About Rod Adams

Rod Adams is an atomic energy expert with small nuclear plant operating and design experience, now serving as a Managing Partner at Nucleation Capital, an emerging climate-focused fund. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., one of the earliest advanced nuclear ventures, has engaged in technical, strategic, political, historic and financial discussion and analysis of the nuclear industry, its technology and policies for several decades. He is the founder of Atomic Insights and host and producer of The Atomic Show Podcast.

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