The rest of the world can indulge in Potter-esque fantasies of increasing warmth, but the hard gas-guys know the physics. Air conditioning demand was quite low in the southern US. And we know that August was very cool in the US.
This chart shows the Texas Freeze spike, which is interesting.
The charts show less gas going into storage right now, which will lead to more spikes, as our air glaciers come thundering down. True believers will know this is caused by polar vortex fairies going on a holiday, and not roping in the cold air, with an air density difference of a 1000 to one. They have a lot of magic.
Rig count is way down, and fracking is flat. It's too late for the US north-east to start new wells, so the earthquakes will stay calm. Also, there is a lot of 'keep it in the ground' sentiment, and these guys can't find investment money from pension funds.
ps. this is going to produce very high inflation. It would take massive political interference to keep interest rates low.
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