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DewDiligence

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Re: ilpapa post# 7748

Friday, 12/13/2013 4:29:20 AM

Friday, December 13, 2013 4:29:20 AM

Post# of 29583
Unusually cold weather has caused US NG prices to reach $4.41/MBTU, a 2.5-year high:

http://online.wsj.com/news/articles/SB10001424052702304202204579254653460013492

This year, wintry weather arrived early, with arctic air sweeping into the Midwest and Northeast—the two main regions that rely on gas for heating—before Thanksgiving. Heating degree days, a measure of demand that rises when temperatures are colder, reached their highest level for November since 2000…

…Supplies have been further stretched as the chill froze equipment in gas fields across Texas and other states, limiting production.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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