Spencer Jakab

speaker

981 appearances 14 recordings 1 series first heard Jul 2017 last heard Jun 2021

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Natural Gas Prices Could Rise This Winter Despite Glut · 25 Oct 2017 podcast

By the end of the injection season, you could have up to four trillion cubic feet. matched

You're sort of like putting acorns away for the winter. matched

You're putting gas away for the winter when you're really going to matched

be using it so quickly that you can't produce it rapidly enough to supply home heating needs. matched

But the thing is, you never know how cold it's going to be. matched

And if you have a truly cold winter, you still have all these factories running that need natural gas, all these new plants that have been built in the last several years to take advantage of cheap U.S. matched

natural gas. matched

You still have all this generation capacity that's switched over to natural gas in recent years. matched

That's why you have so many coal plants shutting down. matched

That's right. matched

And we have promised to ship it abroad. matched

And we're building pipelines to Mexico. matched

We used to import a little bit of gas from Mexico. matched

Now we're applying a large part of their market because there's so much gas in the U.S. matched

that we have a surplus. matched

So all those customers are still going to be there. matched

But you still have to heat people. matched

People still expect to turn up the thermostat and to have their house heated up. matched

And so you can never let supply dip too low. matched

And when it gets close, when it gets, you know, let's say below a trillion cubic feet, which it does sometimes towards the end of the winter, then people say like, hey, we actually could run out or we could run really low. matched

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