Monday, March 4, 2019

US natgas starts the big climb

I was predicting this last fall, but the mini El Nino got me.  Good thing I never put my money where my mouth is.  The point is that there is no storage and once US north-east natgas drains the bin, then we'll see a record zoom for the price.

For some reason, everybody thinks we'll see heat in March.  I don't see it.  Anyway, if the imaginary warm air comes to the rescue in the next few weeks, the price won't be that high.  If the cold runs beyond the end of the month, as I think it will, then watch out.

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