69 Was Quite a Year
January 21, 2020
2019 is over and it was a newsworthy 12 months for energy. However, a few summaries of 2019 are drawing parallels to 2016. Henry Hub natural gas spot prices in 2019 averaged $2.57/mmbtu, about 60 cents lower than in 2018 and the lowest since 2016.
Early January of 2016 was also the last time natural gas in storage was more than 3,000 bcf at this timestep. When it comes to climate change, 2019 was the second hottest year on record, next to 2016.