Nat Gas Production

Natural Gas Production

The chart above shows the 30-day average production for US Natural Gas as reported by Robry. The reason why this is important is the daily production data points have significant random day-to-day movements. These movements are temporary and confuse the trend.  Clearly we still are in an upward trend. Looking at the 2nd chart below shows the clear trend lines.

As a result, the decrease in natural gas production still has not occurred.  Yes the production is off the highs, but any measure of trends, the recent declines are well within the long-term upward trend lines.   You can quibble with the exact drawing of the lines, but it is clear the natgas production has not fallen below the long-term upward trend lines.

As a result, the people who argue natgas production is headed down are not right----yet.  Clearly production is not heading up as it was late last year.  But a slowdown in an upward trend is not a decrease in production.