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英文文献：The "supply-of-storage" for natural gas in California-加州天然气的“储藏库”
英文文献作者：Uria, Rocio,Williams, Jeffrey C.
英文文献摘要：
Do natural gas storage decisions in California respond to futures price spreads? Daily data about flows into and out of storage facilities in California over 2001-2005 and daily price spreads are used to investigate whether the net injection profile is consistent with the "supply-of-storage" curve deduced by Working for wheat. Storage decisions in California do seem to be influenced by intertemporal signals on NYMEX, but the magnitude of the effect is small. Strong seasonal and weekly cycles determine the net injection profile to a considerable extent. Regulatory requirements and operational constraints also limit the size of the response to intertemporal arbitrage opportunities. Results are surprisingly sensitive to the level of aggregation considered.
加州的天然气储存决定会对期货价格差价做出反应吗?利用2001-2005年期间加州储存设施的日流量数据和日价差，研究净注入剖面是否与小麦的“储存供给”曲线相一致。加州的存储决定似乎确实受到纽约商品交易所的跨期信号的影响，但影响的程度很小。强烈的季节性和周周期在很大程度上决定了净注入剖面。监管要求和操作限制也限制了对跨期套利机会的反应规模。结果对考虑的聚合水平非常敏感。
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