Weather will have an impact
Posted: Tue Feb 20, 2018 2:31 pm
If you live in the Northeast U.S. or in Europe you definitely want to watch today's weather update on: https://www.weatherbell.com/premium/
Near the end of the short video, Joe talks about Europe. They are heading into a very cold pattern which will burn up a lot of space heating fuel. Homes and businesses in Europe still use a lot of oil for space heating and so do a lot of homes in the Northeast U.S.
Joe said months ago that this winter would see lots of wild swings because the active hurricane season caused big dips in the northern jet stream. That's what is behind this. It has nothing to do with man made global warming. I have to laugh when a climate change zealot blames record cold on global warming.
This forecast is why I think natural gas in storage will end the season with 800 Bcf less gas in storage than what was in storage on 3/31/2017 (2,051 BCF). < Storage is already 250 Bcf below that, so it is hardly a wild prediction on my part.
Near the end of the short video, Joe talks about Europe. They are heading into a very cold pattern which will burn up a lot of space heating fuel. Homes and businesses in Europe still use a lot of oil for space heating and so do a lot of homes in the Northeast U.S.
Joe said months ago that this winter would see lots of wild swings because the active hurricane season caused big dips in the northern jet stream. That's what is behind this. It has nothing to do with man made global warming. I have to laugh when a climate change zealot blames record cold on global warming.
This forecast is why I think natural gas in storage will end the season with 800 Bcf less gas in storage than what was in storage on 3/31/2017 (2,051 BCF). < Storage is already 250 Bcf below that, so it is hardly a wild prediction on my part.