Winter Storm Grayson, a very large and powerful winter storm is threatening the East Coast of the United States with heavy snow, intense winds, and record-setting low temperatures. Winter storm watches and warnings have been issued for many coastal regions in north Florida to Maine from Wednesday into late Thursday.
This week's storm may end up being worse than your average nor’easter, according to Bloomberg. It could produce a “bomb cyclone,” otherwise known as a bombogenesis, a phenomenon that occurs when a system’s central pressure drops steeply - 24 millibars or more - in 24 hours. If current computer models hold, that’ll start to happen somewhere off Cape Hatteras, North Carolina, and continue as the storm moves north. Hurricane-force wind warnings have been posted off the coast where ships could encounter winds of 80 miles (130 kilometers) an hour and waves as high as 26 feet on Thursday.
https://www.zerohedge.com/news/2018-01- ... east-coast
Winter Storm Grayson = HIGH DEMAND for heating fuels
Winter Storm Grayson = HIGH DEMAND for heating fuels
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Winter Storm Grayson = HIGH DEMAND for heating fuels
The U.S. Just Burned the Most Natural Gas Ever. Bloomberg. The U.S. burned the most natural gas ever on Monday, breaking a record set during the so-called polar vortex that blanketed the nation’s eastern half with arctic air in 2014. America consumed 143 billion cubic feet of gas as temperatures dipped to all-time lows on New Year’s Day, topping the previous high of 142 billion from four years ago, data from PointLogic Energy show. Prices for the heating fuel rose to the highest in a month.
US winter storms spark record natural gas demand. Financial Times. Frigid temperatures across much of North America have sparked record natural gas demand — but in a sign of the overpowering supply coming from shale rock, the surge has done little to ignite prices. New Year’s Day was the coldest day of the 21st century in the 48 contiguous US states, according to a measure created by Commodity Weather Group, which uses temperatures from across the country and gives more weight to areas of high gas demand. Monday also smashed gas consumption records, with total demand surpassing 140bn cubic feet, S&P Global Platts said.
America’s Gas Market Faces Litmus Test as Demand Soars Amid Cold. Bloomberg. A polar blast across the eastern U.S. is proving to be a crucial test for the nation’s natural gas market: Can record demand spurred by the cold outweigh surging production from America’s shale basins, sparking a sustained rally? Deliveries of the heating and power-plant fuel jumped to 143 billion cubic feet on New Year’s Day in the lower 48 states, PointLogic Energy data show. That tops the previous record reached four years ago during the “polar vortex,” which unleashed bone-chilling conditions across the Midwest and Northeast. Gas futures have surged in response, though they’re still trading at less than half the high they reached in 2014. America’s increasing reliance on gas has stoked speculation that a frigid winter will drain the nation’s stockpiles -- already below normal for the time of year -- sending prices soaring. The U.S. is exporting more gas than ever, via pipeline to Mexico and on tankers sailing across the globe, and power plants are burning record amounts as coal generators and nuclear reactors shut amid competition from cheap shale supplies.
US winter storms spark record natural gas demand. Financial Times. Frigid temperatures across much of North America have sparked record natural gas demand — but in a sign of the overpowering supply coming from shale rock, the surge has done little to ignite prices. New Year’s Day was the coldest day of the 21st century in the 48 contiguous US states, according to a measure created by Commodity Weather Group, which uses temperatures from across the country and gives more weight to areas of high gas demand. Monday also smashed gas consumption records, with total demand surpassing 140bn cubic feet, S&P Global Platts said.
America’s Gas Market Faces Litmus Test as Demand Soars Amid Cold. Bloomberg. A polar blast across the eastern U.S. is proving to be a crucial test for the nation’s natural gas market: Can record demand spurred by the cold outweigh surging production from America’s shale basins, sparking a sustained rally? Deliveries of the heating and power-plant fuel jumped to 143 billion cubic feet on New Year’s Day in the lower 48 states, PointLogic Energy data show. That tops the previous record reached four years ago during the “polar vortex,” which unleashed bone-chilling conditions across the Midwest and Northeast. Gas futures have surged in response, though they’re still trading at less than half the high they reached in 2014. America’s increasing reliance on gas has stoked speculation that a frigid winter will drain the nation’s stockpiles -- already below normal for the time of year -- sending prices soaring. The U.S. is exporting more gas than ever, via pipeline to Mexico and on tankers sailing across the globe, and power plants are burning record amounts as coal generators and nuclear reactors shut amid competition from cheap shale supplies.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group