​US Power Producers Binge On Ultra-Cheap Gas – Tyler Durden

US Power Producers Binge On Ultra-Cheap Gas By John Kemp, Senior Energy Analyst U.S. electricity generators consumed a record amount of gas in the first four months of the year as prices slumped to the lowest level in real terms for more than half a century. Ultra-low prices encouraged more power production from some of the least-efficient single-cycle gas and steam turbines at the expense of coal. But record combustion by generators made little impact on swollen gas inventories amid continued growth in gas production and sluggish exports. Generators produced a record 1,334 billion kilowatt-hours (kWh) between January and April,…  — Continue at ZeroHedge News : Read More