Weather

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dan_s
Posts: 37308
Joined: Fri Apr 23, 2010 8:22 am

Weather

Post by dan_s »

If you live in the Northeast quarter of the U.S. you need to listen to Joe Bastardi's weekend update:
http://www.weatherbell.com/saturday-sum ... ch-14-2015

The period March 20 to April 10 will be quite cold in areas that burn a lot of natural gas and heating oil for residential space heating. This should give a boost to natural gas prices since storage levels will continue to drop through mid-April and ending storage is now sure to be 300+ Bcf below the 5-year average by April 30. All we can hope for is that natural gas prices hold above $2.50/mcf until next winter.

Heating oil inventory will also be depleted this year. I've heard that we are already importing heating oil from European refiners.

Joe is also saying we could see a very active tornado season in the Midwest and Southeast, which is not good news.
Dan Steffens
Energy Prospectus Group
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